Germany: Financial Sector Assessment Program: Detailed Assessment of Observance on Insurance Core Principles

September 2, 2011

Preview Citation

Format: Chicago

Germany: Financial Sector Assessment Program: Detailed Assessment of Observance on Insurance Core Principles, (USA: International Monetary Fund, 2011) accessed November 21, 2024

Summary

Insurance regulation and supervision is of a high standard, and most of the enhancements suggested have been put in place. Further enhancements will be required, in the context of the forthcoming introduction of Solvency II requirements, in such areas as the frequency of onsite inspections, the enhancement of resources, and stability analysis. The government acknowledges the need to continue to develop supervisory capacity. Most of the requirements and supervisory tools, which are in use for the supervision of primary insurers, are also applied to the reinsurers.

Subject: Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Insurance, Insurance companies, Insurance supervision, Internal controls, Revenue administration, Solvency

Keywords: Accident insurance, Advisory council, Corporate governance, CR, Global, Insurance, Insurance companies, Insurance supervision, Insurance supervision, Insurance undertaking, Internal audit, Internal controls, ISCR, Life insurance, Management board, Nonlife insurer, Remedy insurance fraud, Risk management, Risk profile, Solvency, Supervisory authority

Publication Details

Pages:

50
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/272
Stock No:

1DEUEA2011005
ISBN:

9781463902797
ISSN:

1934-7685

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