Italy : Technical Note on Insurance Sector.

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. 2013/346

IMF Staff Country Reports

Language:

English

Subjects (All):

Banks and banking--Italy.

Banks and banking.

Innsurance--Italy.

Innsurance.

Physical Description:

1 online resource (33 p.)

Place of Publication:

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

Language Note:

English

Summary:

This Technical Note covers the insurance sector of Italy supervised by the Institution for the Supervision of Insurance in Italy. Notwithstanding the high level of compliance with the International Association of Insurance Supervisors principles, critical principles remain to be taken on. Twenty one principles are fully or largely observed; however, the remaining five principles that are partly observed are central to maintaining financial stability of the sector and preventing possible unexpected insolvencies. The anti-crisis measures introduced for the insurance sector have also helped the sector navigate through the recent sovereign debt volatility and created an effective early warning supervisory tool.

Contents:

Cover; CONTENTS; GLOSSARY; INTRODUCTION; EXECUTIVE SUMMARY; INSTITUTIONAL, REGULATORY, AND MARKET STRUCTURE-OVERVIEW; A. Institutional and Regulatory Overview; B. Market Structure Overview; TABLES; 1. Insurance Sector Premium and Assets, 2007-2012; 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; MAIN FINDINGS

A. Regulatory and Supervisory Key Findings9. Insurers' Solvency Position; B. Market Key Findings; FIGURES; 1. Correlation of the Economy and Insurance Production; 10. Insurers' Sample Country Debt and Bank Sector Exposure; 11. Bank Sector Bond Held by Insurers; 2 Country Debt Exposure of the Insurers Sample; 3. Italian Debt and Segregated Funds Yields in Annual Percentage (2000-11); 12. Key Figures of the Life Insurance Sector for 2007-12; 13. Key Figures of the Nonlife Insurance Sector 2007-12; 4. Selected Insurers' Share Price and CDS Development, 2007-2012

5. Comparison of Share Price EU, U.S., and Italian Insurers, 2007-201214. Expected Default Frequency Using Moody's KMV Methodology-Nov. 2012; C. Risks and Challenges; 6. Sovereign Debt Yield Development; 7. Life Policy Lapses (2006-2012 in percent of premium); 8. Claims and Lapses of Life Policies; 9. Premium and Lapses Share of the Different Types of Life Policies; D. Recommendations; 10. Key Parameters in Motor Third Party Liability Insurance

Notes:

Description based upon print version of record.

Includes bibliographical references.

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

ISBN:

9781475565973

1475565976

9781475514469

1475514468

9781475520422

1475520425