Italy: Technical Note on Insurance Sector

International Monetary Fund

No 2013/346, IMF Staff Country Reports from International Monetary Fund

Abstract: This Technical Note covers the insurance sector of Italy supervised by the Institution for the Supervision of Insurance in Italy. Notwithstanding the high level of compliance with the International Association of Insurance Supervisors principles, critical principles remain to be taken on. Twenty one principles are fully or largely observed; however, the remaining five principles that are partly observed are central to maintaining financial stability of the sector and preventing possible unexpected insolvencies. The anti-crisis measures introduced for the insurance sector have also helped the sector navigate through the recent sovereign debt volatility and created an effective early warning supervisory tool.

Keywords: ISCR; CR; IVASS credibility; IVASS implementation; quarterly monitoring; IVASS collection; IVASS handling; IVASS oversight; IVASS transition; insurance sector; nonlife insurance business; life insurer; solvency position; Sample country debt; insurers Sample; Insurance companies; Insurance; Solvency; Stress testing; Commercial banks; Global (search for similar items in EconPapers)
Pages: 32
Date: 2013-12-06
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