Kingdom of the Netherlands-Netherlands: Publication of Financial Sector Assessment Program Documentation: Detailed Assessment of Observance on Insurance Core Principles

July 25, 2011

Preview Citation

Format: Chicago

Kingdom of the Netherlands-Netherlands: Publication of Financial Sector Assessment Program Documentation: Detailed Assessment of Observance on Insurance Core Principles, (USA: International Monetary Fund, 2011) accessed December 31, 2024

Summary

Significant legislative changes and regulatory developments have taken place in the Netherland’s insurance sector. The initial Financial Sector Assessment Program (FSAP) and the current assessment are benchmarked against the Insurance Core Principles (ICPs) issued in 2003. Progress has been made in addressing the recommendations arising from the assessment. The Financial Institutions Risk Analysis Method (FIRM) and the introduction of macroprudential supervision have strengthened The NetherlandsCentral bank's (DNB) risk-based supervision and market analysis. The updated regulatory framework has a high level of observance and the government has strengthened macro-prudential supervision to complement the traditional supervision approach.

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

Keywords: AFM official, Corporate governance, CR, DNB staff, Financial conglomerates, Financial market, Global, Holding company, Insurance, Insurance companies, Insurance group, Insurance supervision, ISCR, Legal support in revenue administration, Life insurer, Netherlands insurer, Outsourced activity, Registering insurance intermediary, Reinsurance broker, Risk assessment, Risk management, Risk profile, Solvency

Publication Details

Pages:

55
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/205
Stock No:

1NLDEA2011007
ISBN:

9781462323401
ISSN:

1934-7685

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