Japan: Financial Sector Assessment Program-Technical Note-Insurance Sector Regulation and Supervision

September 18, 2017

Preview Citation

Format: Chicago

Japan: Financial Sector Assessment Program-Technical Note-Insurance Sector Regulation and Supervision, (USA: International Monetary Fund, 2017) accessed December 22, 2024

Summary

This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program for Japan in the areas of insurance sector regulation and supervision. The Japanese insurance sector is characterized by a mature market, high concentration, and the predominance of life insurance products with interest guarantees. It is recommended that the Japan Financial Services Agency (JFSA) should take further steps to implement an economic-value-based solvency regime as soon as practicable. A risk assessment methodology needs to be completed as part of the risk-based supervision framework. The risk and impact assessment will enable JFSA to determine the appropriate supervisory intensity for each insurer, and a holistic supervisory plan.

Subject: Financial institutions, Financial Sector Assessment Program, Financial sector policy and analysis, Financial services, Insurance, Insurance companies, Solvency

Keywords: A number of insurer, Bank-insurance linkage, Cash flow, CR, Economic value, Financial Sector Assessment Program, Foreign currency, FX exposure, Global, Insurance, Insurance activity, Insurance companies, ISCR, Life insurer, Solvency, Solvency ratio, Solvency regime, Solvency regulation

Publication Details

Pages:

25
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/281
Stock No:

1JPNEA2017004
ISBN:

9781484319697
ISSN:

1934-7685

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