People’s Republic of China–Hong Kong Special Administrative Region : : Financial Sector Assessment Program-Insurance Core Principles-Detailed Assessment of Observance

• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2014
• Descrizione fisica: 1 online resource (108 p.)
• Disciplina: 368.00951212021
• Soggetto topico: Insurance - China - Hong Kong - Evaluation; Insurance - State supervision - China - Hong Kong; Finance: General; Insurance; Industries: Financial Services; Criminology; Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors; Insurance Companies; Actuarial Studies; Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems; Bankruptcy; Liquidation; Illegal Behavior and the Enforcement of Law; Finance; Insurance & actuarial studies; Distributed ledgers; Corporate crime; white-collar crime; Insurance companies; Virtual currencies; Solvency; Anti-money laundering and combating the financing of terrorism (AML/CFT); Financial institutions; Technology; Financial sector policy and analysis; Crime; Financial services industry; Technological innovations; Debt; Money laundering
• Soggetto geografico: Hong Kong Special Administrative Region, People's Republic of China
• Note generali: Description based upon print version of record.
• Nota di contenuto: Cover; CONTENTS; GLOSSARY; EXECUTIVE SUMMARY; ASSESSMENT OF INSURANCE CORE PRINCIPLES; A. Introduction and Scope; B. Information and Methodology Used for Assessment; C. Overview-Institutional and Macro Prudential Setting; TABLES; 1. Insurance Penetration and Density as at end-2012; 2. Insurance Market Structure; 3. Ownership Structure as at end-2012; 4. Composition of Assets as at end-2012; 5. Gross Written Premium by Major Lines of Business--Long-term Business; 6. New Policies Issued to Mainland Visitors; 7. Gross Written Premium by Major Lines of Business in 2012--General Business ; D. Preconditions for Effective Insurance Supervision 8. Solvency Position of Domestic Insurers; 9. Summary of Compliance with the Insurance Core Principles; 10. Summary of Observance Level; 11. Recommendations to Improve Observance of the Insurance Core Principles; AUTHORITIES' RESPONSE TO THE ASSESSMENT; DETAILED ASSESSMENT; 12: Detailed Assessment of Observance of the Insurance Core Principles; APPENDIX; I. Status of Implementation of 2003 FSAP Recommendations
• Sommario/riassunto: This Insurance Core Principles Detailed Assessment Report was prepared in the context of the Financial Sector Assessment Program for the People’s Republic of China–Hong Kong Special Administrative Region (HKSAR). The report describes that the insurance penetration and density in HKSAR is among the top 10 in the world. Foreign-owned insurers are dominant in the HKSAR insurance sector, and account for about 72 percent of total assets as at end-2012. The long-term insurance industry is highly concentrated, while the market share of general insurance industry is more evenly distributed. All except one of the top-10 insurance groups are all foreign owned, with much larger consolidated operations compared to their operations in HKSAR. The Insurance Authority is responsible for regulating and supervising the insurance industry of the HKSAR. It is supported by the Office of the Commissioner of Insurance, a government department in the HKSAR. A self-regulatory system is used to supervise the conduct of business of intermediaries.
• Titolo autorizzato: People’s Republic of China–Hong Kong Special Administrative Region
• ISBN: 1-4983-4407-0; 1-4983-9979-7; 1-4983-2188-7
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910786746903321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Staff Country Reports; Country Report ; ; No. 2014/206