LEADER 05575oam 22011414 450 001 9910788294503321 005 20230807210140.0 010 $a1-4983-2773-7 035 $a(CKB)2670000000608531 035 $a(EBL)2008601 035 $a(SSID)ssj0001540352 035 $a(PQKBManifestationID)12012798 035 $a(PQKBTitleCode)TC0001540352 035 $a(PQKBWorkID)11533760 035 $a(PQKB)11668761 035 $a(MiAaPQ)EBC2008601 035 $a(Au-PeEL)EBL2008601 035 $a(CaPaEBR)ebr11041895 035 $a(CaONFJC)MIL763479 035 $a(OCoLC)907299656 035 $a(IMF)1ZAFEA2015006 035 $a(EXLCZ)992670000000608531 100 $a20020129d2015 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aSouth Africa : $eFinancial Sector Assessment Program-Detailed Assessment of Observance on the Insurance Core Principles 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2015. 215 $a1 online resource (138 p.) 225 1 $aIMF Staff Country Reports 300 $aDescription based upon print version of record. 311 $a1-4983-6445-4 311 $a1-4983-8963-5 327 $aCover; CONTENTS; GLOSSARY; EXECUTIVE SUMMARY; ASSESSMENT OF INSURANCE CORE PRINCIPLES; A. Introduction and Scope; B. Information and Methodology Used for Assessment; C. Overview-Institutional and Macroprudential Setting; TABLES; 1. Insurance Market-Licensed Insurers; 2. Main Activities of Insurance Groups; 3. Composition of Assets-Long-term (Life); 4. Trend in Technical Provisions-Long-term; 5. Solvency: Assets Available Over Required; 6. Free Assets to Capital Adequacy Requirement; 7. Performance Indicators for Short-term Insurers 327 $aD. Preconditions for Effective Insurance Supervision E. Recommendations and Authorities' Response; 8. Summary of Compliance with the ICPs; 9. Summary of Observance Level; 10. Recommendations to Improve Observance of the ICPs; DETAILED ASSESSMENT; 11. Detailed Assessment of Observance of the ICPs; APPENDIX; I. Status of Implementation of 2010 FSAP Recommendations 330 3 $aThis paper discusses key findings of the Detailed Assessment of Observance on the Insurance Core Principles on South Africa. Insurance regulatory and supervisory regime in South Africa is in transition. Currently, the Financial Services Board (FSB-SA) regulates the nonbanking financial services industry, including the insurance sector, in South Africa. With the goal of achieving a safer financial sector to serve South Africa better, the government has proposed major changes in the financial sector. The four policy objectives are: financial stability, consumer protection and market conduct, financial inclusion, and combating financial crime. Market realities in the insurance sector pose significant regulatory challenges, which are well recognized by the authorities. 410 0$aIMF Staff Country Reports; Country Report ;$vNo. 2015/056 606 $aInsurance$zSouth Africa 606 $aInsurance$xState supervision$zSouth Africa 606 $aInsurance$zSouth Africa$xRules and practice$vEvaluation 606 $aInsurance law$zSouth Africa 606 $aInsurance$2imf 606 $aIndustries: Financial Services$2imf 606 $aBusiness and Financial$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 $aGeneral Financial Markets: Government Policy and Regulation$2imf 606 $aFinancial Institutions and Services: Government Policy and Regulation$2imf 606 $aFinance$2imf 606 $aInsurance & actuarial studies$2imf 606 $aFinancial services law & regulation$2imf 606 $aInsurance companies$2imf 606 $aFinancial services$2imf 606 $aFinancial regulation and supervision$2imf 606 $aInsurance supervision$2imf 606 $aFinancial institutions$2imf 606 $aFinancial services industry$2imf 606 $aLaw and legislation$2imf 606 $aNonbank financial institutions$2imf 607 $aSouth Africa$2imf 615 0$aInsurance 615 0$aInsurance$xState supervision 615 0$aInsurance$xRules and practice 615 0$aInsurance law 615 7$aInsurance 615 7$aIndustries: Financial Services 615 7$aBusiness and Financial 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$aGeneral Financial Markets: Government Policy and Regulation 615 7$aFinancial Institutions and Services: Government Policy and Regulation 615 7$aFinance 615 7$aInsurance & actuarial studies 615 7$aFinancial services law & regulation 615 7$aInsurance companies 615 7$aFinancial services 615 7$aFinancial regulation and supervision 615 7$aInsurance supervision 615 7$aFinancial institutions 615 7$aFinancial services industry 615 7$aLaw and legislation 615 7$aNonbank financial institutions 676 $a332.152 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788294503321 996 $aSouth Africa$9172791 997 $aUNINA