 Jersey: Financial Sector Assessment Program Update: Detailed Assessment of Observance of the Insurance Core PrinciplesInternational Monetary Fund No 2009/283, IMF Staff Country Reports from International Monetary Fund Abstract: This report presents a Detailed Assessment of the Observance of the Insurance Core Principles Report on Jersey. Other than the international business, most cover is obtained from insurers based overseas by the large insurance broker community on the island. There is no ombudsman and no policyholder compensation arrangements for insurance business on the island. Jersey has its own company’s legislation, but has no local accounting or actuarial standard-setting bodies and it looks to other jurisdictions, especially the United Kingdom, for its framework of accounting, auditing, and actuarial standards. Keywords: ISCR; CR; insurance code; insurance business; JFSC staff; category B firm; risk model; portfolio transfer; Jersey insurance market; solvency requirement; supervisory authority; business permit; risk assessment; life insurer; JFSC supervision; Insurance companies; Insurance; Solvency; Anti-money laundering and combating the financing of terrorism (AML/CFT); Insurance Core Principles; Africa; Global (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2009/283 Ordering information: This working paper can be ordered from 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. |
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