Sweden: Financial Sector Assessment Program-Technical Note-Insurance Sector Regulation and Supervision
International Monetary Fund
No 2017/307, IMF Staff Country Reports from International Monetary Fund
Abstract:
This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program (FSAP) for Sweden in the areas of insurance sector regulation and supervision. The regulatory and supervisory framework has been enhanced since the 2011 FSAP. The Finansinspektionen (Financial Supervisory Authority, FI) is the principal regulatory body, with responsibility for prudential regulation, consumer protection, and macroprudential regulation. Some measures are recommended to strengthen solvency regulation further. Solvency II should be applied in full to occupational pensions insurance, unless the government decides to create a separate national regime for occupational pensions, as exists in many other countries.
Keywords: ISCR; CR; firm; FI; life company; plan firm; FI priority; line of business; Solvency II; risk assessment; EU insurance regulation; insurance supervisor; life insurer; motor insurance; FI's insurance work; guarantee scheme; II framework; Insurance companies; Insurance; Solvency; Pension spending; Baltics; Global (search for similar items in EconPapers)
Pages: 37
Date: 2017-10-05
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