Switzerland: Financial Sector Assessment Program: Technical Note: An Assessment of Insurance Core Principles for the Reinsurance Industry

June 13, 2007

Preview Citation

Format: Chicago

Switzerland: Financial Sector Assessment Program: Technical Note: An Assessment of Insurance Core Principles for the Reinsurance Industry, (USA: International Monetary Fund, 2007) accessed December 26, 2024

Summary

This technical note discusses key findings of the assessment of Insurance Core Principles (ICP) for the reinsurance industry for Switzerland. It reveals that the Swiss reinsurance market is dominated by three large players with a strong international presence. The reinsurance industry comprises 20 professional reinsurers and 50 reinsurance captives with gross premiums written totaling SwF 37.4 billion for 2005. Swiss Re, European Re, and Converium have consistently maintained more than 75 percent market share. More than 95 percent of reinsurance premiums came from foreign business.

Subject: Corporate governance, Economic sectors, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Insurance, Insurance companies, Insurance supervision, Solvency

Keywords: Conglomerate supervision, Corporate governance, Corporate governance, CR, FOPI official, FOPI staff, FOPI's power, Global, Insurance, Insurance companies, Insurance group, Insurance supervision, ISCR, Risk management, Solvency, Supervisory authority

Publication Details

Pages:

30
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/200
Stock No:

1CHEEA2007005
ISBN:

9781451807356
ISSN:

1934-7685

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