LEADER 05269oam 22011894 450 001 9910779761503321 005 20230803020901.0 010 $a1-4843-3699-2 010 $a1-4843-6060-5 010 $a1-4843-6002-8 035 $a(CKB)2550000001064541 035 $a(EBL)1587955 035 $a(SSID)ssj0001075339 035 $a(PQKBManifestationID)11599692 035 $a(PQKBTitleCode)TC0001075339 035 $a(PQKBWorkID)11244146 035 $a(PQKB)11507867 035 $a(MiAaPQ)EBC1587955 035 $a(Au-PeEL)EBL1587955 035 $a(CaPaEBR)ebr10739496 035 $a(CaONFJC)MIL499058 035 $a(OCoLC)868488268 035 $a(IMF)1BELEE2013004 035 $a(IMF)1BELEA2013004 035 $a(EXLCZ)992550000001064541 100 $a20020129d2013 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aBelgium : $eDetailed Assessment of Observance of Insurance Core Principles 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2013. 215 $a1 online resource (113 p.) 225 1 $aIMF Staff Country Reports 300 $aDescription based upon print version of record. 311 $a1-4843-8446-6 311 $a1-299-67808-4 327 $aCover; Contents; Glossary; A; B; C; E; F; I; M; N; O; P; R; S; T; U; EXECUTIVE SUMMARY; ASSESSMENT OF INSURANCE CORE PRINCIPLES INTRODUCTION AND SCOPE; A. Information and Methodology Used for Assessment; B. Overview-Institutional and Macro Prudential Setting; TABLES; 1: Insurance Penetration and Density in 2011; 2: Trend in Insurance Market Structure; 3: Insurance Distribution Channels; 4: Analysis of Direct Insurers' Assets; 5: Assets Covering Technical Provisions; 6: Analysis of Life Premiums; 7: Major lines of General Insurance Business: Gross Premiums written; FIGURES 327 $a1: Net result of Belgian Insurers (company basis)8: Solvency Position of Insurers; 2: Twin Peaks Structure in Belgium; C. Preconditions for Effective Insurance Supervision; 9: Summary of Compliance with the ICPs; 10: Summary of Observance Level; 11: Recommendations to Improve Observance of ICPs; D. Authorities' Response to the Assessment; DETAILED PRINCIPLE-BY-PRINCIPLE ASSESSMENT; 12: Detailed Assessment of Observance of the ICPs 330 3 $aThe Belgian insurance industry was adversely affected by the global financial crisis and continued to confront challenges related to legacy assets and economic uncertainties in Europe. The Belgian authorities have made significant progress in updating the insurance regulatory regime and supervisory practice. The updated regulatory framework has a high level of observance with the Insurance Core Principles (ICPs), supported by robust prudential supervision. The authorities are advised to review current conduct-of-business (CoB) regulation and supervision to strengthen the protection for policyholders. 410 0$aIMF Staff Country Reports; Country Report ;$vNo. 2013/134 606 $aInsurance$zBelgium 606 $aFinance: General$2imf 606 $aInsurance$2imf 606 $aPublic Finance$2imf 606 $aIndustries: Financial Services$2imf 606 $aPension Funds$2imf 606 $aNon-bank Financial Institutions$2imf 606 $aFinancial Instruments$2imf 606 $aInstitutional Investors$2imf 606 $aInsurance Companies$2imf 606 $aActuarial Studies$2imf 606 $aBankruptcy$2imf 606 $aLiquidation$2imf 606 $aTaxation, Subsidies, and Revenue: General$2imf 606 $aFinance$2imf 606 $aInsurance & actuarial studies$2imf 606 $aPublic finance & taxation$2imf 606 $aInsurance companies$2imf 606 $aSolvency$2imf 606 $aInternal controls$2imf 606 $aLegal support in revenue administration$2imf 606 $aFinancial institutions$2imf 606 $aFinancial sector policy and analysis$2imf 606 $aRevenue administration$2imf 606 $aDebt$2imf 606 $aRevenue$2imf 607 $aBelgium$xEconomic conditions 607 $aBelgium$2imf 615 0$aInsurance 615 7$aFinance: General 615 7$aInsurance 615 7$aPublic Finance 615 7$aIndustries: Financial Services 615 7$aPension Funds 615 7$aNon-bank Financial Institutions 615 7$aFinancial Instruments 615 7$aInstitutional Investors 615 7$aInsurance Companies 615 7$aActuarial Studies 615 7$aBankruptcy 615 7$aLiquidation 615 7$aTaxation, Subsidies, and Revenue: General 615 7$aFinance 615 7$aInsurance & actuarial studies 615 7$aPublic finance & taxation 615 7$aInsurance companies 615 7$aSolvency 615 7$aInternal controls 615 7$aLegal support in revenue administration 615 7$aFinancial institutions 615 7$aFinancial sector policy and analysis 615 7$aRevenue administration 615 7$aDebt 615 7$aRevenue 712 02$aInternational Monetary Fund. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910779761503321 996 $aBelgium$91770056 997 $aUNINA