Norway: Financial Sector Assessment Program-Technical Note-Insurance Sector Oversight

International Monetary Fund

No 2020/263, IMF Staff Country Reports from International Monetary Fund

Abstract: The Norwegian insurance sector is well-capitalized. In recent years, the authorities have taken steps to recapitalize weak insurers and to boost capital for the overall industry. Risk-resilience has been strengthened by stronger retention of profits leading to accumulation of reserves, better risk management, and higher capital in the run-up to the implementation of the Solvency II regulatory regime.

Keywords: ISCR; CR; FSA issues circular; FSA-run stress test; insurance undertaking; risk outlook; inspection program; main focus; nonlife insurance; risk assessment; balance sheet; rate of return; guarantee scheme; profitability prospects; FSA department; Insurance companies; Insurance; Financial stability assessment; Solvency; Stress testing; Europe (search for similar items in EconPapers)
Pages: 37
Date: 2020-08-12
New Economics Papers: this item is included in nep-ias and nep-rmg
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