Guernsey’s status as the largest international insurance center in Europe hinges on its progressive infrastructure and … with the Insurance Core Principles (ICPs). The Guernsey Financial Services Commission (GFSC) should expand its range of … enforcement powers and also implement the public disclosure standards established by the International Association of Insurance …

simulation of the effect of a potential double-dip recession on solvency of Guernsey banks and insurance companies. The STs … assess the sensitivity of banks and insurance companies to single-factor shocks to risk types affecting solvency and …

This Technical Note analyzes the insurance sector in Serbia. The Serbian insurance sector remains small and …, which forced many corporate policyholders to cancel their insurance. The paper highlights that the Serbian insurance sector …

This paper examines the Insurance Regulation and Supervision for Cyprus’s Financial Sector Assessment Program. The … domestic nonlife market is dominated by motor insurance which accounted for 58 percent of net premiums. All Cypriot business is … reinsured with nondomiciled reinsurers. Health insurance is regulated as nonlife business when written as add-ons to accident …

This paper presents a factual update of the Insurance Core Principles including insurance sector market and regulatory … insurance industry to bring it in line with international best practices. The Insurance Supervision Law (ISL) has reoriented the … management, and market conduct of insurance intermediaries. The ISL also provides for a range of corrective and preventive …

This technical note discusses key findings of the assessment of Insurance Core Principles (ICP) for the reinsurance …

This Technical Note provides an update on the Austrian insurance industry and an analysis of its regulatory and … supervisory regime. The structure of the domestic insurance sector has remained largely stable since the last update. At Q3 …-2012 there were 50 insurance companies with assets of Euro 108 billion, making up nearly 40 percent of GDP. Although insurance …

The staff report highlights that the insurance sector in Sweden is well developed and mature. The captive insurance … developments in the insurance sector of Sweden since 2002. The assessment is based solely on the laws, regulations, and other …

This technical note discusses key findings of the insurance sector stress tests for Switzerland. The results suggest … that there are market risks inside some Swiss insurance entities that may need focused attention. In particular, a moderate …