Turkey : Financial Sector Assessment Program-Detailed Assessment of Observance of the IAIS Insurance Core Principles.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Monetary and Capital Markets Department.

Series:

IMF Staff Country Reports; Country Report ; No. 2017/047

IMF Staff Country Reports

Language:

English

Subjects (All):

International Monetary Fund--Turkey.

International Monetary Fund.

Finance--Turkey.

Finance.

Physical Description:

1 online resource (82 pages) : illustrations, tables.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2017.

Summary:

This paper presents an assessment of the observance of IAIS (International Association of Insurance Supervisors) insurance core principles in Turkey. During the last five years, the government of Turkey has made a significant effort to improve regulation and supervision of insurance and to improve adherence to international standards. The efficiency of information reporting, insurer monitoring, and supervision has greatly increased. Solvency tests have been strengthened. Reserving and investment practices have been improved. Improvements have been made in international cooperation and information exchange. However, major regulatory and supervisory challenges remain for Turkey to increase confidence in the sector and benefit from its continued growth.

Notes:

Description based on online resource; title from PDF title page (ebrary, viewed March 2, 2017).

ISBN:

9781475576924

1475576927

9781475576955

1475576951