05102oam 22013334 450 991013670890332120250426110043.097814755429671475542968(CKB)3710000000907179(MiAaPQ)EBC4723282(IMF)1IRLEA20160051IRLEA2016005(EXLCZ)99371000000090717920020129d2016 uf 0engurcnu||||||||rdacontentrdamediardacarrierIreland : Financial Sector Assessment Program: Technical Note-Insurance Sector and Update on the Assessment of Observance of the Insurance Core PrinciplesWashington, D.C. :International Monetary Fund,2016.1 online resource (59 pages) illustrations, tablesIMF Staff Country Reports9781475542158 1475542151 9781475543018 1475543018 This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program for Ireland’s insurance sector. Insurance in Ireland is well developed, diverse, and has a large international business presence. Insurance penetration in Ireland is almost three times the EU average. Many recommendations have been implemented by the central bank, with Solvency II now the solvency regime in Ireland. In total, 51 Supervisory Review Process guidance papers have been prepared setting out the central bank’s internal supervisory processes and procedures under Solvency II with reference to the technical standards and guidelines and the central bank’s prioritization framework. Forty-seven of these were complete as of the end of 2015.IMF Staff Country Reports; Country Report ;No. 2016/311InsuranceIrelandFinancial institutionsIrelandBanks and BankingimfFinance: GeneralimfInsuranceimfIndustries: Financial ServicesimfCriminologyimfPension FundsimfNon-bank Financial InstitutionsimfFinancial InstrumentsimfInstitutional InvestorsimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfBankruptcyimfLiquidationimfInsurance CompaniesimfActuarial StudiesimfFinancial Institutions and Services: Government Policy and RegulationimfIllegal Behavior and the Enforcement of LawimfFinanceimfBankingimfInsurance & actuarial studiesimfCorporate crimeimfwhite-collar crimeimfInsurance companiesimfSolvencyimfStress testingimfFinancial institutionsimfFinancial sector policy and analysisimfAnti-money laundering and combating the financing of terrorism (AML/CFT)imfCrimeimfBanks and bankingimfDebtimfFinancial risk managementimfMoney launderingimfWhite-collar crimeimfIrelandimfInsuranceFinancial institutionsBanks and BankingFinance: GeneralInsuranceIndustries: Financial ServicesCriminologyPension FundsNon-bank Financial InstitutionsFinancial InstrumentsInstitutional InvestorsBanksDepository InstitutionsMicro Finance InstitutionsMortgagesBankruptcyLiquidationInsurance CompaniesActuarial StudiesFinancial Institutions and Services: Government Policy and RegulationIllegal Behavior and the Enforcement of LawFinanceBankingInsurance & actuarial studiesCorporate crimewhite-collar crimeInsurance companiesSolvencyStress testingFinancial institutionsFinancial sector policy and analysisAnti-money laundering and combating the financing of terrorism (AML/CFT)CrimeBanks and bankingDebtFinancial risk managementMoney launderingWhite-collar crime338.473689417Monetary and Capital Markets Department.DcWaIMFBOOK9910136708903321Ireland222393UNINA