1.

Record Nr.

UNINA9910822426403321

Titolo

Italy : : Detailed Assessment of IAIS Insurance core Principles

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2013

ISBN

1-4755-7092-9

1-4755-7056-2

1-4755-7109-7

Edizione

[1st ed.]

Descrizione fisica

1 online resource (143 p.)

Collana

IMF Staff Country Reports

Disciplina

331.82

Soggetti

Insurance - Italy - History

Finance: General

Insurance

Public Finance

Industries: Financial Services

Corporate Governance

Pension Funds

Non-bank Financial Institutions

Financial Instruments

Institutional Investors

Insurance Companies

Actuarial Studies

Bankruptcy

Liquidation

Taxation, Subsidies, and Revenue: General

Corporate Finance and Governance: Government Policy and Regulation

Finance

Insurance & actuarial studies

Public finance & taxation

Corporate governance

role & responsibilities of boards & directors

Insurance companies

Solvency

Internal controls

Financial institutions

Financial sector policy and analysis

Revenue administration

Economic sectors

Debt



Revenue

Italy Economic conditions

Italy

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di contenuto

Cover; CONTENTS; GLOSSARY; ASSESSMENT OF INSURANCE CORE PRINCIPLES (ICPS); A. Introduction and Scope; B. Executive Summary; C. Institutional and Market Structure-Overview; TABLES; 1. Insurance Sector Premium and Assets, 2007-2011; 2. Number of Registered Insurance Undertaking and Intermediaries, 2007-2011; 3. Market Share of Top 10 Insurers, 2011; 4. Assets and Premium of Top 10 Insurance Groups in Million Euros, 2011; 5. Life Insurance Products; 6. Nonlife Insurance Products; 7. Assets of the Insurance Sector

8. Investments of the Insurance Sector 9. Insurers' Solvency Position (in percent); D. Main Findings; 10 Key Figures of the Life Insurance Sector; 11. Key Figures of the Nonlife Insurance Sector; FIGURE; 1. Selected Insurers' Share Price and CDs Development, 2007-2012; 12. Summary of Observance of the Insurance Core Principles; E. Recommendations and the Authorities' Responses; 13. Recommendations to Improve Observance of ICPs; DETAILED ASSESSMENTS; 14. Detailed Assessment of Observance of the Insurance Core Principles

Sommario/riassunto

This paper discusses the findings of Detailed Assessment of International Association of Insurance Supervisors (IAIS) insurance core principles on Italy. Regulation and supervision of the insurance industry in Italy is the responsibility of the newly established Institution for the Supervision of Insurance (IVASS). IVASS has reached international best practice in several areas of supervision. IVASS actively exercises group supervision and by 2000, IVASS established the first college of supervisors. Intragroup transactions and related party participations limits are strictly monitored and enforced. IVASS handling of the licensing of undertakings is complete and comprehensive and ensures appropriate considerations pursuant to regulations. Enhanced supervision in some areas is required.