United States: Publication of Financial Sector Assessment Program Documentation: Detailed Assessment of Observance of IAIS Insurance Core Principles

May 14, 2010

Preview Citation

Format: Chicago

United States: Publication of Financial Sector Assessment Program Documentation: Detailed Assessment of Observance of IAIS Insurance Core Principles, (USA: International Monetary Fund, 2010) accessed October 9, 2024

Summary

This paper discusses key findings of the Detailed Assessment of Observance of International Association of Insurance Supervisors (IAIS) Insurance Core Principles for the United States. Most U.S. insurers write primary insurance on U.S. risks. The U.S. market is characterized by low market concentration in most sectors, indicating a high degree of competition. Overall, the insurance sector, and the property and casualty companies in particular, has been resilient through the financial crisis. However, there have also been significant stresses in the insurance sector in the last two years.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Financial institutions, Financial regulation and supervision, Insurance, Insurance companies, Insurance regulation, Internal controls, Revenue administration

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Casualty insurance, CR, Financial condition, Global, Holding company, Insurance, Insurance companies, Insurance department, Insurance regulation, Insurance regulation, Insurance regulator, Internal controls, ISCR, Supervisory authority

Publication Details

Pages:

80
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/126
Stock No:

1USAEA2010008
ISBN:

9781455206681
ISSN:

1934-7685

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