Germany: Financial Sector Assessment Program: Detailed Assessment of Observance on Insurance Core Principles

International Monetary Fund

No 2011/272, IMF Staff Country Reports from International Monetary Fund

Abstract: Insurance regulation and supervision is of a high standard, and most of the enhancements suggested have been put in place. Further enhancements will be required, in the context of the forthcoming introduction of Solvency II requirements, in such areas as the frequency of onsite inspections, the enhancement of resources, and stability analysis. The government acknowledges the need to continue to develop supervisory capacity. Most of the requirements and supervisory tools, which are in use for the supervision of primary insurers, are also applied to the reinsurers.

Keywords: ISCR; CR; risk management; life insurance; management board; corporate governance; insurance undertaking; insurance supervision; supervisory authority; risk profile; nonlife insurer; remedy insurance fraud; advisory council; accident insurance; internal audit; Insurance companies; Insurance; Solvency; Insurance supervision; Internal controls; Global (search for similar items in EconPapers)
Pages: 50
Date: 2011-09-02
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