Japan: Insurance Core Principles-Detailed Assessment of Observance

International Monetary Fund

No 2012/228, IMF Staff Country Reports from International Monetary Fund

Abstract: This Working Paper is a detailed assessment of Japan’s compliance with the Insurance Core Principles of the International Association of Insurance Supervisors. The paper identifies a reduction in interest rates and equity prices as two factors that influence the structure and functioning of the insurance market and emphasizes the important role played by the Financial Services Agency in supervising and regulating it. As Japan is prone to frequent natural disasters, the insurance sector is of prime importance to its economic and social well-being.

Keywords: ISCR; CR; insurance company; risk management; nonlife insurer; board of directors; holding company; Insurance companies; Financial stability assessment; Insurance; Solvency; Global (search for similar items in EconPapers)
Pages: 78
Date: 2012-08-10
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