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

Author: International Monetary Fund. Monetary and Capital Markets Department

Volume/Issue: Volume 2024 Issue 110

Publication date: May 2024

ISBN: 9798400275166

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Finance , Money and Monetary Policy , International - Economics , Japan FSAP , life insurer , General insurance rating Organization of Japan , earthquake insurance take-up , General insurance Association of Japan , Non-life insurance policyholder protection corporation , Insurance companies , Financial stability assessment , Insurance , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Solvency , Global

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Summary

This assessment of insurance supervision and regulation in Japan was carried out as part of the 2024 Financial Sector Assessment Program (FSAP). This assessment has been made against the Insurance Core Principles (ICPs) issued by the International Association of Insurance Supervisors (IAIS) in November 2019. The assessment includes the standards of the Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame). It is based on the laws, regulations and other supervisory requirements, and practices that were in place at the time of the assessment in September and October 2023.