United States: Financial Sector Assessment Program-Detailed Assessment of Observance on the Insurance Core Principles

International Monetary Fund

No 2015/090, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses key findings of the Detailed Assessment of Observance of the Insurance Core Principles on the United States. The assessment finds a reasonable level of observance of the Insurance Core Principles. There are many areas of strength, including at state level the powerful capacity for financial analysis with peer group review and challenge through the processes of the National Association of Insurance Commissioners. Lead state regulation is developing and a network of international supervisory colleges has been put in place. Key areas for development include the valuation standard of the state regulators, especially for life insurance, and group capital standards.

Keywords: ISCR; CR; State regulator; parent company; insurance department; financial condition; insurance coverage; risk management; insurance regulator; corporate governance; insurance group; life insurance; Insurance companies; Insurance; Insurance supervision; Legal support in revenue administration; Global (search for similar items in EconPapers)
Pages: 123
Date: 2015-04-02
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