Italy: Financial Sector Assessment Program: Detailed Assessment of Observance of the Insurance Core Principles
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Summary:
This paper discusses a Detailed Assessment of the Observance of the Insurance Core Principles for Italy. The assessment reveals that insurance supervision in Italy occurs within a legal framework that incorporates the relevant European Union Directives. More than two-thirds of the principles have been assessed as being observed or largely observed. Furthermore, the authorities in Italy are actively pursuing a number of legislative and supervisory initiatives that hold the potential to materially improve the level of observance in the near future.
Series:
Country Report No. 2006/082
Subject:
Financial institutions Financial regulation and supervision Financial sector policy and analysis Insurance Insurance companies Insurance supervision Internal controls Revenue administration Solvency
English
Publication Date:
March 1, 2006
ISBN/ISSN:
9781451819953/1934-7685
Stock No:
1ITAEA2006008
Pages:
44
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