05937oam 22013094 450 991082242640332120240402024156.01-4755-7092-91-4755-7056-21-4755-7109-7(CKB)2550000001180107(EBL)1588604(SSID)ssj0001161239(PQKBManifestationID)11652193(PQKBTitleCode)TC0001161239(PQKBWorkID)11128204(PQKB)10602024(MiAaPQ)EBC1588604(Au-PeEL)EBL1588604(CaPaEBR)ebr10825500(CaONFJC)MIL560221(OCoLC)867928715(IMF)1ITAEE2013011(IMF)1ITAEA2013011(EXLCZ)99255000000118010720020129d2013 uf 0engurcnu||||||||txtccrItaly : Detailed Assessment of IAIS Insurance core Principles1st ed.Washington, D.C. :International Monetary Fund,2013.1 online resource (143 p.)IMF Staff Country ReportsDescription based upon print version of record.1-4755-2957-0 1-306-28970-X 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 Sector8. 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 PrinciplesThis 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.IMF Staff Country Reports; Country Report ;No. 2013/352InsuranceItalyHistoryFinance: GeneralimfInsuranceimfPublic FinanceimfIndustries: Financial ServicesimfCorporate GovernanceimfPension FundsimfNon-bank Financial InstitutionsimfFinancial InstrumentsimfInstitutional InvestorsimfInsurance CompaniesimfActuarial StudiesimfBankruptcyimfLiquidationimfTaxation, Subsidies, and Revenue: GeneralimfCorporate Finance and Governance: Government Policy and RegulationimfFinanceimfInsurance & actuarial studiesimfPublic finance & taxationimfCorporate governanceimfrole & responsibilities of boards & directorsimfInsurance companiesimfSolvencyimfInternal controlsimfFinancial institutionsimfFinancial sector policy and analysisimfRevenue administrationimfEconomic sectorsimfDebtimfRevenueimfItalyEconomic conditionsItalyimfInsuranceHistory.Finance: GeneralInsurancePublic FinanceIndustries: Financial ServicesCorporate GovernancePension FundsNon-bank Financial InstitutionsFinancial InstrumentsInstitutional InvestorsInsurance CompaniesActuarial StudiesBankruptcyLiquidationTaxation, Subsidies, and Revenue: GeneralCorporate Finance and Governance: Government Policy and RegulationFinanceInsurance & actuarial studiesPublic finance & taxationCorporate governancerole & responsibilities of boards & directorsInsurance companiesSolvencyInternal controlsFinancial institutionsFinancial sector policy and analysisRevenue administrationEconomic sectorsDebtRevenue331.82International Monetary Fund.DcWaIMFBOOK9910822426403321Italy225186UNINA