United Kingdom: Financial Sector Assessment Program-Detailed Assessment of Observance of Insurance Core Principles Issued by the International Association of Insurance Supervisors

United Kingdom: Financial Sector Assessment Program-Detailed Assessment of Observance of Insurance Core Principles Issued by the International Association of Insurance Supervisors
Volume/Issue: Volume 2022 Issue 109
Publication date: April 2022
ISBN: 9798400207273
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Topics covered in this book

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Finance , Money and Monetary Policy , International - Economics , Business and Financial , solvency ASSESSMENT , ASSESSMENT of observance , ASSESSMENT of insurance core principle , staff team of the International Monetary Fund , insurance solvency coverage , solvency requirement , Insurance companies , Insurance , Solvency , Global

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Summary

The regulatory framework for insurance supervision in the United Kingdom is sophisticated and the authorities are leaders in supervisory techniques. Observance with the Insurance Core Principles (ICPs) is very high compared to peers with 17 ICPs observed and only 6 out of 24 ICPs determined to be largely observed and 1 partly observed.

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