Norway: Financial Sector Assessment Program-Technical Note-Insurance Sector Oversight

August 12, 2020

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Format: Chicago

Norway: Financial Sector Assessment Program-Technical Note-Insurance Sector Oversight, (USA: International Monetary Fund, 2020) accessed November 23, 2024

Summary

The Norwegian insurance sector is well-capitalized. In recent years, the authorities have taken steps to recapitalize weak insurers and to boost capital for the overall industry. Risk-resilience has been strengthened by stronger retention of profits leading to accumulation of reserves, better risk management, and higher capital in the run-up to the implementation of the Solvency II regulatory regime.

Subject: Financial institutions, Financial sector policy and analysis, Financial stability assessment, Insurance, Insurance companies, Solvency, Stress testing

Keywords: Balance sheet, CR, Europe, Financial stability assessment, FSA department, FSA issues circular, FSA-run stress test, Guarantee scheme, Inspection program, Insurance, Insurance companies, Insurance undertaking, ISCR, Main focus, Nonlife insurance, Profitability prospects, Rate of return, Risk assessment, Risk outlook, Solvency, Stress testing

Publication Details

Pages:

37
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2020/263
Stock No:

1NOREA2020005
ISBN:

9781513553153
ISSN:

1934-7685

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