Portugal: Financial Sector Assessment Program: Detailed Assessment of Observance of IAIS Insurance Core Principles
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This Detailed Assessment of the Observance of International Association of Insurance Supervisors (IAIS) Insurance Core Principles for Portugal highlights the market analysis of the insurance market. Investment in domestic government bonds has decreased and is outweighed by nondomestic government bonds. The structure of own funds has been subject to the revaluation reserve that incorporates the changes in the market value of investments. Instituto de Seguros de Portugal (ISP) appreciated the appraisal of efforts undertaken to strengthen insurance supervision on the basis of a forward-looking and risk-based approach.
Series:
Country Report No. 2007/031
Subject:
Expenditure Financial institutions Insurance Insurance companies Internal controls Legal support in revenue administration Pension spending Revenue administration
English
Publication Date:
January 30, 2007
ISBN/ISSN:
9781451832235/1934-7685
Stock No:
1PRTEA2007001
Pages:
63
Please address any questions about this title to publications@imf.org