Germany: Financial Sector Assessment Program-Insurance Sector Supervision-Technical Notes

International Monetary Fund

No 2016/192, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper provides an update on the German insurance sector and an analysis of certain key aspects of the regulatory and supervisory regime. It includes an analysis of German practice in relation to selected Insurance Core Principles in the context of a wider discussion of key issues in regulation and supervision. This technical note focuses mainly on recent developments in the sector and key vulnerabilities, including life insurance issues, those vulnerabilities associated with the continuing low interest rate environment; the preparations of the authorities and industry for the implementation of the Solvency II requirements; and the supervisory approach to large insurance groups.

Keywords: ISCR; CR; Solvency II; insurance group; approach to group supervision; fixed income; parent company; supervisory view; ZZR requirement; Solvency II implementation; company level; business organization; reinsurance company; Solvency II requirement; companies' position; Solvency II SCR; a number of company; risk assessment; Insurance companies; Solvency; Insurance; Accounting standards; Global systemically important insurers; Global (search for similar items in EconPapers)
Pages: 66
Date: 2016-06-29
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