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 paper discusses Canada's Financial Sector Assessment Program (FSAP) impact on the insurance sector of a low …

This paper discusses key findings of the Detailed Assessment of Observance of the Insurance Core Principles on the … United States. The assessment finds a reasonable level of observance of the Insurance Core Principles. There are many areas … through the processes of the National Association of Insurance Commissioners. Lead state regulation is developing and a …

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

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 …

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 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 …