Ireland: Financial Sector Assessment Program-Detailed Assessment of Observance on the Insurance Core Principles

May 13, 2015

Preview Citation

Format: Chicago

Ireland: Financial Sector Assessment Program-Detailed Assessment of Observance on the Insurance Core Principles, (USA: International Monetary Fund, 2015) accessed December 3, 2024

Summary

This paper discusses findings of the Detailed Assessment of Observance on the Insurance Core Principles on Ireland. It highlights that the Central Bank of Ireland (CBI) has made significant progress in updating the regulatory regime, and the impending implementation of Solvency II (SII) is expected to address most of the regulatory gaps noted in the assessment. The Central Bank Supervision and Enforcement Act of 2013 has significantly enhanced CBI’s supervision and enforcement powers. CBI’s preparation for SII is well advanced, and a dedicated SII project has been in place since 2010.

Subject: Financial institutions, Financial sector policy and analysis, Financial services, Insurance, Insurance companies, Legal support in revenue administration, Revenue administration, Solvency

Keywords: Business model, CR, ERM framework, Europe, Global, Group supervision, Holding company, Impact insurer, Insurance, Insurance companies, Insurance group, ISCR, Legal support in revenue administration, Life assurance, Life insurer, Line of business, Reinsurance strategy, Risk assessment, Risk management, Risk profile, Solvency

Publication Details

Pages:

147
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/118
Stock No:

1IRLEA2015006
ISBN:

9781475586398
ISSN:

1934-7685

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