Italy: Financial Sector Assessment Program: Detailed Assessment of Observance of the Insurance Core Principles

International Monetary Fund

No 2006/082, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses a Detailed Assessment of the Observance of the Insurance Core Principles for Italy. The assessment reveals that insurance supervision in Italy occurs within a legal framework that incorporates the relevant European Union Directives. More than two-thirds of the principles have been assessed as being observed or largely observed. Furthermore, the authorities in Italy are actively pursuing a number of legislative and supervisory initiatives that hold the potential to materially improve the level of observance in the near future.

Keywords: ISCR; CR; risk management; board of directors; corporate governance; financial situation; investment policy; reinsurance program; supervisory authority; liability insurance; intermediation activity; EU insurer; ISVAP decision; assessment formula; fraud control measure; organization structure; insurance supervision; life insurer; Insurance companies; Insurance; Internal controls; Solvency; Insurance supervision; Global; insurance market (search for similar items in EconPapers)
Pages: 44
Date: 2006-03-01
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=18974 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2006/082

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().