Italy : Detailed Assessment of IAIS Insurance core Principles

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

December 6, 2013

Electronic Access:

Free Full Text (PDF file size is 1446 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses the findings of Detailed Assessment of International Association of Insurance Supervisors (IAIS) insurance core principles on Italy. Regulation and supervision of the insurance industry in Italy is the responsibility of the newly established Institution for the Supervision of Insurance (IVASS). IVASS has reached international best practice in several areas of supervision. IVASS actively exercises group supervision and by 2000, IVASS established the first college of supervisors. Intragroup transactions and related party participations limits are strictly monitored and enforced. IVASS handling of the licensing of undertakings is complete and comprehensive and ensures appropriate considerations pursuant to regulations. Enhanced supervision in some areas is required.

Series:

Country Report No. 13/352

Subject:

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).

English

Publication Date:

December 6, 2013

ISBN/ISSN:

9781475529579/1934-7685

Stock No:

1ITAEA2013011

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

142

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