European Union : Publication of Financial Sector Assessment Program Documentation ––Technical Note on European Insurance and Occupational Pensions Authority Assessment

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

March 15, 2013

Electronic Access:

Free Full Text (PDF file size is 892 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Slow economic growth and continuing low interest rate environment is putting pressure on the insurance sector. Delays in the implementation of Solvency II could create vulnerabilities in the insurance sector. The approval of internal models is important for determining adequacy of capital levels to warrant a solvent industry. The new European system of financial supervision has been proactive, but much work has to be done. Access to information for monitoring, analyzing trends, and preventing systemic risk need to improve, along with operational independence.

Series:

Country Report No. 13/73

Subject:

English

Publication Date:

March 15, 2013

ISBN/ISSN:

9781475574852/1934-7685

Stock No:

1EUREA2013009

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

33

Please address any questions about this title to publications@imf.org