Italy: Financial Sector Assessment Program: Detailed Assessment of Observance of the Insurance Core Principles

March 1, 2006

Preview Citation

Format: Chicago

Italy: Financial Sector Assessment Program: Detailed Assessment of Observance of the Insurance Core Principles, (USA: International Monetary Fund, 2006) accessed November 21, 2024

Summary

This paper discusses a Detailed Assessment of the Observance of the Insurance Core Principles for Italy. The assessment reveals that insurance supervision in Italy occurs within a legal framework that incorporates the relevant European Union Directives. More than two-thirds of the principles have been assessed as being observed or largely observed. Furthermore, the authorities in Italy are actively pursuing a number of legislative and supervisory initiatives that hold the potential to materially improve the level of observance in the near future.

Subject: Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Insurance, Insurance companies, Insurance supervision, Internal controls, Revenue administration, Solvency

Keywords: Assessment formula, Board of directors, Corporate governance, CR, EU insurer, Financial situation, Fraud control measure, Global, Insurance, Insurance companies, Insurance market, Insurance supervision, Insurance supervision, Intermediation activity, Internal controls, Investment policy, ISCR, ISVAP decision, Liability insurance, Life insurer, Organization structure, Reinsurance program, Risk management, Solvency, Supervisory authority

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/082
Stock No:

1ITAEA2006008
ISBN:

9781451819953
ISSN:

1934-7685

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