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... This document should serve as a basic benchmark for insurance supervisors in all jurisdictions. It can be used when establishing a supervisory regime or for identifying areas in existing regimes that needto be improved ...
Persistent link: https://www.econbiz.de/10005847910
... The Principles on Capital Adequacy and Solvency as set out in this paper are applicable to all insurance companies and are relevant for evaluating the solvency of life insurance undertakings and non-life (or general) insurance undertakings ...
Persistent link: https://www.econbiz.de/10005847911
... On-site inspection, whether by the supervisory authority or its representatives, is a vitally important part of the supervisory process, closely related to the on-going monitoring process ...
Persistent link: https://www.econbiz.de/10005847913
... This standard builds on the framework set out in the IAIS paper Insurance Supervisory Principles approved in September 1997. Its objective is to describe the essential elements of a sound asset management system and reporting framework across the full rangeof investment activities ...
Persistent link: https://www.econbiz.de/10005847914
... The Technical Committee of IAIS has decided to build upon the principles relating to coordination and information-sharing between supervisors with respect to international insurance groups and other international financial groups which are significantly involved in insuranceactivities....
Persistent link: https://www.econbiz.de/10005847915
The purpose of this standard is to bring together for insurance supervisors in one document the conditions that should apply to the exchange of information ...
Persistent link: https://www.econbiz.de/10005847916
Insurance companies assume risk on behalf of policyholders. They mitigate these risksby acquiring insurance with reinsurers. Through the use of reinsurance, an insurer can reducerisk, stabilise its solvency, use available capital more efficiently and expand underwritingcapacity. Reinsurance...
Persistent link: https://www.econbiz.de/10005847917
... This standard .... focussing particularly on where reinsurers differ from primary insurers, hence requiring the supervisory framework to be adapted. The standard applies to internationally active reinsurers that are pure reinsurers or insurers, whose main activity includes the issuance of...
Persistent link: https://www.econbiz.de/10005847918
The purpose of this standard is to describe best practice of public disclosure requirements about technical performance and risks that should apply to non-life insurers and reinsurers ...
Persistent link: https://www.econbiz.de/10005847919
... The aim of this paper is to promote the establishment, adoption and implementation of regulatory and supervisory guidance for insurance markets in emerging economies ...
Persistent link: https://www.econbiz.de/10005847920