IMF Staff Country Reports

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

June 14, 2006

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Spain: Financial Sector Assessment Program: Detailed Assessment of Observance of the IAIS Insurance Core Principles, (USA: International Monetary Fund, 2006) accessed November 24, 2024

Summary

This paper presents a detailed assessment of the observance of the Insurance Core Principles (ICP) of the International Association of Insurance Supervisors (IAIS) in Spain. The IMF, for their assessment, consulted the review of a self-assessment prepared by the General Directorate of Insurance and Pension Funds (DGSFP), comments from Private Insurance Organization and Supervision Law (LOSSP) and other secondary regulations on the insurance activity, and notes and presentations on several regulatory and supervisory issues. Also, discusses the recommended action plan and authorities’ response to the assessment.

Subject: Financial institutions, Financial regulation and supervision, Insurance, Insurance companies, Insurance Core Principles, Insurance supervision, Internal controls, Revenue administration

Keywords: Board of directors, CR, Europe, Global, Insurance, Insurance companies, Insurance Core Principles, Insurance market, Insurance supervision, Insurance supervision, Internal controls, ISCR, Life insurer, Nonlife insurance business, Supervisory authority

Publication Details

  • Pages:

    34

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2006/219

  • Stock No:

    1ESPEA2006010

  • ISBN:

    9781451812213

  • ISSN:

    1934-7685