Italy : Detailed Assessment of IAIS Insurance core Principles.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Monetary and Capital Markets Department.

Contributor:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2013/352

IMF Staff Country Reports

Language:

English

Subjects (All):

Insurance--Italy--History.

Insurance.

Italy--Economic conditions.

Italy.

Physical Description:

1 online resource (143 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2013.

Language Note:

English

Summary:

This paper discusses the findings of Detailed Assessment of International Association of Insurance Supervisors (IAIS) insurance core principles on Italy. Regulation and supervision of the insurance industry in Italy is the responsibility of the newly established Institution for the Supervision of Insurance (IVASS). IVASS has reached international best practice in several areas of supervision. IVASS actively exercises group supervision and by 2000, IVASS established the first college of supervisors. Intragroup transactions and related party participations limits are strictly monitored and enforced. IVASS handling of the licensing of undertakings is complete and comprehensive and ensures appropriate considerations pursuant to regulations. Enhanced supervision in some areas is required.

Contents:

Cover; CONTENTS; GLOSSARY; ASSESSMENT OF INSURANCE CORE PRINCIPLES (ICPS); A. Introduction and Scope; B. Executive Summary; C. Institutional and Market Structure-Overview; TABLES; 1. Insurance Sector Premium and Assets, 2007-2011; 2. Number of Registered Insurance Undertaking and Intermediaries, 2007-2011; 3. Market Share of Top 10 Insurers, 2011; 4. Assets and Premium of Top 10 Insurance Groups in Million Euros, 2011; 5. Life Insurance Products; 6. Nonlife Insurance Products; 7. Assets of the Insurance Sector

8. Investments of the Insurance Sector 9. Insurers' Solvency Position (in percent); D. Main Findings; 10 Key Figures of the Life Insurance Sector; 11. Key Figures of the Nonlife Insurance Sector; FIGURE; 1. Selected Insurers' Share Price and CDs Development, 2007-2012; 12. Summary of Observance of the Insurance Core Principles; E. Recommendations and the Authorities' Responses; 13. Recommendations to Improve Observance of ICPs; DETAILED ASSESSMENTS; 14. Detailed Assessment of Observance of the Insurance Core Principles

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF title page (ebrary, viewed January 19, 2014).

ISBN:

9781475570922

1475570929

9781475570564

1475570562

9781475571097

1475571097

OCLC:

867928715