Italy: Technical Note on Insurance Sector

December 6, 2013

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Format: Chicago

Italy: Technical Note on Insurance Sector, (USA: International Monetary Fund, 2013) accessed November 23, 2024

Summary

This Technical Note covers the insurance sector of Italy supervised by the Institution for the Supervision of Insurance in Italy. Notwithstanding the high level of compliance with the International Association of Insurance Supervisors principles, critical principles remain to be taken on. Twenty one principles are fully or largely observed; however, the remaining five principles that are partly observed are central to maintaining financial stability of the sector and preventing possible unexpected insolvencies. The anti-crisis measures introduced for the insurance sector have also helped the sector navigate through the recent sovereign debt volatility and created an effective early warning supervisory tool.

Subject: Commercial banks, Financial institutions, Financial sector policy and analysis, Insurance, Insurance companies, Solvency, Stress testing

Keywords: Commercial banks, CR, Global, Insurance, Insurance companies, Insurance sector, Insurers Sample, ISCR, IVASS collection, IVASS credibility, IVASS handling, IVASS implementation, IVASS oversight, IVASS transition, Life insurer, Nonlife insurance business, Quarterly monitoring, Sample country debt, Solvency, Solvency position, Stress testing

Publication Details

Pages:

32
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/346
Stock No:

1ITAEA2013005
ISBN:

9781475565799
ISSN:

1934-7685

Notes

These documents have been produced in the context of the recent Italy FSAP as background documents to the Financial System Stability Assessment (FSSA) report that was discussed by the Executive Board on September 20, 2013 and published shortly thereafter (the FSSA is available here).

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