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The Belgian insurance industry was adversely affected by the global financial crisis and continued to confront … in updating the insurance regulatory regime and supervisory practice. The updated regulatory framework has a high level … of observance with the Insurance Core Principles (ICPs), supported by robust prudential supervision. The authorities are …
Persistent link: https://www.econbiz.de/10011244392
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 the recent global financial crisis. A thorough approach to assessing insurer …
Persistent link: https://www.econbiz.de/10011245380
€™s insurance market and the supervisory framework. The assessment was benchmarked against the Insurance Core Principles (ICPs …) issued by the International Association of Insurance Supervisors (IAISs). It is advised that the National Insurance … Commission (NAICOM) of Nigeria can expand the objective to include the creation of a fair, safe, and stable insurance sector for …
Persistent link: https://www.econbiz.de/10011244134
In today's financial system, complex financial institutions are connected through an opaque network of financial exposures. These connections contribute to financial deepening and greater savings allocation efficiency, but are also unstable channels of contagion. Basel III and Solvency II should...
Persistent link: https://www.econbiz.de/10009203537
This paper discusses key findings of the detailed assessment of observance of financial sector standards and codes in Switzerland. Switzerland has a relatively unique banking sector, with a high market concentration by the two largest domestic banks. The overall assessment of the peer-review...
Persistent link: https://www.econbiz.de/10011245736
Persistent link: https://www.econbiz.de/10005824821
This paper discusses Canada’s Financial Sector Assessment Program (FSAP) impact on the insurance sector of a low …
Persistent link: https://www.econbiz.de/10011244715
This report discusses key findings of the Financial Sector Stability Assessment on Canada. Canada’s financial system successfully navigated the global financial crisis, and stress tests suggest that major financial institutions would continue to be resilient to credit, liquidity, and...
Persistent link: https://www.econbiz.de/10011244761
and insurance. Owing to their economic reach and use of regulated and unregulated entities across sectoral boundaries, FCs …
Persistent link: https://www.econbiz.de/10011244943
The insurance industry in Australia has weathered the global financial crisis well and was resilient to the … catastrophic events in 2010/11. The insurance industry is mature but relatively small compared to the banking sector. Assets held … insurance market has been consolidating steadily as the total number of players fell from 190 to 172 although branches of …
Persistent link: https://www.econbiz.de/10011245056