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

April 2, 2015

Preview Citation

Format: Chicago

United States: Financial Sector Assessment Program-Detailed Assessment of Observance on the Insurance Core Principles, (USA: International Monetary Fund, 2015) accessed December 21, 2024

Summary

This paper discusses key findings of the Detailed Assessment of Observance of the Insurance Core Principles on the United States. The assessment finds a reasonable level of observance of the Insurance Core Principles. There are many areas of strength, including at state level the powerful capacity for financial analysis with peer group review and challenge through the processes of the National Association of Insurance Commissioners. Lead state regulation is developing and a network of international supervisory colleges has been put in place. Key areas for development include the valuation standard of the state regulators, especially for life insurance, and group capital standards.

Subject: Financial institutions, Financial regulation and supervision, Insurance, Insurance companies, Insurance supervision, Labor, Legal support in revenue administration, Revenue administration

Keywords: Corporate governance, CR, Financial condition, Global, Insurance, Insurance companies, Insurance coverage, Insurance department, Insurance group, Insurance regulator, Insurance supervision, ISCR, Legal support in revenue administration, Life insurance, Parent company, Risk management, State regulator

Publication Details

Pages:

123
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/090
Stock No:

1USAEA2015002
ISBN:

9781475546033
ISSN:

1934-7685

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