Austria: Publication of Financial Sector Assessment Program Documentation

Austria: Publication of Financial Sector Assessment Program Documentation—Technical Note on Insurance Sector

January 21, 2014

Preview Citation

Format: Chicago

Austria: Publication of Financial Sector Assessment Program Documentation—Technical Note on Insurance Sector, (USA: International Monetary Fund, 2014) accessed December 21, 2024

Summary

This Technical Note provides an update on the Austrian insurance industry and an analysis of its regulatory and supervisory regime. The structure of the domestic insurance sector has remained largely stable since the last update. At Q3-2012 there were 50 insurance companies with assets of €108 billion, making up nearly 40 percent of GDP. Although insurance portfolios are largely concentrated in high-quality bonds, they have significant exposure to European banks. Most insurance companies in Austria appear well capitalized under the Solvency I regime. The industry remains profitable though margins have come under some pressure recently.

Subject: Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Insurance, Insurance companies, Insurance supervision, Solvency, Stress testing

Keywords: CR, FMA department, FMA issues regulation, Industry, Insurance, Insurance companies, Insurance market, Insurance supervision, Insurance supervisor, Insurer, ISCR, Life insurance, Life insurer, Originating insurer, Premium, Solvency, Stress testing

Publication Details

Pages:

17
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/014
Stock No:

1AUTEA2014002
ISBN:

9781484375730
ISSN:

1934-7685

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