Mexico : Detailed Assessment of Observance of International Association of Insurance Supervisors (IAIS) Insurance Core Principles.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Contributor:

International Monetary Fund. Monetary and Capital Markets Department.

Series:

IMF Staff Country Reports; Country Report ; No. 2012/067

IMF country report ; no. 12/67

IMF Staff Country Reports

Language:

English

Subjects (All):

International Association of Insurance Supervisors.

Insurance--State supervision--Mexico.

Insurance.

International finance.

Insurance law.

Insurance law--Mexico.

Mexico--Economic policy--1994-.

Mexico.

Mexico--Economic conditions--1994-.

Physical Description:

1 online resource (193 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2012.

Language Note:

English

Summary:

This paper presents detailed assessment on the observance of Mexico’s compliance with the International Association of Insurance Supervisor's Insurance core principles. A new insurance law is expected to be submitted to congress in September 2011, precisely at the time of the mission. The long process in preparing this new insurance law and in gaining consensus of different stakeholders will certainly result in an improvement in compliance with the core principles, and those improvements have been referenced in the assessment.

Contents:

Cover; Contents; Glossary; A; B; C; D; E; F; G; H; I; L; M; N; O; P; R; S; U; I. Introduction; II. Executive Summary; A. Market Facts; B. Oversight and Regulation; C. Financial Concerns; D. Regulatory and Supervisory Concerns; E. Key Recommendations; III. Insurance Sector Development; A. Size and Concentration; Tables; 1. Total Assets of Insurance Firms, 2005-2011; 2. Financial Assets/Financial Savings; 3. Number of Insurance and Reinsurance Companies; Figures; 1. Historical Behavior of the Insurance Market: 1980-2011; 4. Premium Growth between 2005 and 2010; 2. Insurance Market Premia

5. Market Size in Premium3. Insurance Quantity Index (IQI); 4. Insurance Price Index (IPI); 6. Microinsurance Performance Indicators; 7. Market Share in 2010: Life Insurance Sector; 8. Market Share in 2010: Nonlife Insurance Sector; 9. Market Herfindahl-Hirschmann Index Insurance Sector; B. Lines of Business; 10. Insurance Lines of Business, 2005-2010; 5. Real Annual Rate of Growth of Pension Insurance; C. Reinsurance; 11. Minimum Paid in Capital for 2011; 12. Reinsurance Ceded and Recovered by Type of Treaty; 13. Reinsurance Companies Ratings; D. Distribution and Intermediation

14. Net Retention Ratio by Major Line of Business15. Types of Licenses for Insurance Intermediaries; 6. Distribution Channels 2010; E. Asset Composition and Investments; 16. Investment Limits for Technical Provisions; F. Profitability and Performance; 17. Percentage Invested per Instrument; 18. Return on Assets and Equity (ROA & ROE): Insurance Sector; 19. Profitability Indicators (based on the guidance note): Non; 7. Acquisition and Administration Cost; 20. Margin Index Development; 21. Selected Performance Indicators: Insurance Sector (2010)

22. Financial Soundness Indicators: Insurance SectorG. Oversight and Regulation; 23. Solvency Measurement (December 2010); IV. Insurance Sector Vulnerabilities; A. Financial Concerns; B. Regulatory and Supervisory Concerns; 24. Average Maturity of Investments and Liabilities; C. Summary of Observance of the Insurance Core Principles-ROSCs; 25 A.Summary of Observance of the Insurance Core Principles-ROSCs; 25 B.Summary of Grading; 25 C.Summary of Observance of the Insurance Core Principles-Detailed Assessments; D. Recommended Action Plan

26. Recommended Action Plan to Improve Observance of the Insurance Core PrinciplesE. Authorities' Response to the Assessment; V. Detailed Assessment; 27. Detailed Assessment of Observance of the Insurance Core

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on print version record.

ISBN:

9781475503104

1475503105

9781475531312

1475531311