IMF Staff Country Reports

Italy: Technical Note on Insurance Sector

Publication Date:

December 6, 2013

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Technical Note covers the insurance sector of Italy supervised by the Institution for the Supervision of Insurance in Italy. Notwithstanding the high level of compliance with the International Association of Insurance Supervisors principles, critical principles remain to be taken on. Twenty one principles are fully or largely observed; however, the remaining five principles that are partly observed are central to maintaining financial stability of the sector and preventing possible unexpected insolvencies. The anti-crisis measures introduced for the insurance sector have also helped the sector navigate through the recent sovereign debt volatility and created an effective early warning supervisory tool.

Series:

Country Report No. 2013/346

Subject:

Commercial banks Financial institutions Financial sector policy and analysis Insurance Insurance companies Solvency Stress testing

Notes:

These documents have been produced in the context of the recent Italy FSAP as background documents to the Financial System Stability Assessment (FSSA) report that was discussed by the Executive Board on September 20, 2013 and published shortly thereafter (the FSSA is available here).