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This technical note discusses key findings of the assessment of Insurance Core Principles (ICP) for the reinsurance … industry for Switzerland. It reveals that the Swiss reinsurance market is dominated by three large players with a strong … international presence. The reinsurance industry comprises 20 professional reinsurers and 50 reinsurance captives with gross …
Persistent link: https://www.econbiz.de/10014407024
This paper discusses key findings of the Detailed Assessment of Observance of Insurance Core Principles for France. The assessment reveals that insurance regulation and supervision are still predominantly carried out using a Solvency I approach. The insurance sector remained resilient through...
Persistent link: https://www.econbiz.de/10012667567
Guernsey’s status as the largest international insurance center in Europe hinges on its progressive infrastructure and operational flexibility. Guernsey updates its regulatory regime continually and has implemented all the recommendations arising from the 2003 Offshore Financial Center (OFC)...
Persistent link: https://www.econbiz.de/10014402413
Insurance regulation in South Africa is sound and takes a thorough approach to regulation, recognizes the scale and development of the market, and the need for effective market conduct as prudential regulation. There are particular challenges in improving standards of market conduct, in both...
Persistent link: https://www.econbiz.de/10014402430
This Detailed Assessment of the Observance of International Association of Insurance Supervisors (IAIS) Insurance Core Principles for Portugal highlights the market analysis of the insurance market. Investment in domestic government bonds has decreased and is outweighed by nondomestic government...
Persistent link: https://www.econbiz.de/10014402457
This paper presents the Slovak Republic’s Financial System Stability Assessment Update including Reports on the Observance of Standards and Codes on Banking Supervision and Insurance Regulation. Commercial banks are by far the dominant financial institutions, though nonbank financial...
Persistent link: https://www.econbiz.de/10014403588
This paper discusses key findings of the Detailed Assessment of Observance of International Association of Insurance Supervisors (IAIS) Insurance Core Principles for the United States. Most U.S. insurers write primary insurance on U.S. risks. The U.S. market is characterized by low market...
Persistent link: https://www.econbiz.de/10014404354
This paper presents Gibraltar’s assessment of Financial Sector Supervision and Regulation including reports on the Observance of Standards and Codes on banking and insurance supervision. The Financial Services Commission has been assigned significant additional resources and has developed a...
Persistent link: https://www.econbiz.de/10014404920
This paper discusses key findings of the Detailed Assessment of the Observance of the Insurance Core Principles for Denmark. Key recommendations arising from the assessment cover two main issues. First is the fact that the Danish Financial Supervisory Authority Finanstilsynet bases its system to...
Persistent link: https://www.econbiz.de/10014404935
This paper presents key findings of the Financial System Stability Assessment for the United Kingdom, including Reports on the Observance of Standards and Codes on Banking Supervision, Insurance Supervision, Securities Regulation, Payments Systems, Monetary and Financial Policy Transparency, and...
Persistent link: https://www.econbiz.de/10014406503