Argentina: Detailed Assessment of Observance of Principles for Insurance Supervision

September 14, 2012

Preview Citation

Format: Chicago

Argentina: Detailed Assessment of Observance of Principles for Insurance Supervision, (USA: International Monetary Fund, 2012) accessed September 18, 2024

Summary

Argentina’s insurance market is fragmented, and competition has increased in recent years. Currently, excessive premium discounting by insurance companies is creating risks that insurance companies may be under-reserved and may not be able to meet future liabilities. The evolution of liability insurance is positive but will require developing specific expertise. In line with developments around the world, the adoption of a risk-based supervisory approach is essential to properly monitor a rapidly evolving market. To successfully address these challenges, additional resources as well as operational independence is required.

Subject: Financial institutions, Financial regulation and supervision, Insurance, Insurance companies, Insurance supervision, Internal controls, Legal support in revenue administration, Revenue administration

Keywords: Business plan, Corporate governance, CR, Financial condition, Global, Holding company, Insurance, Insurance companies, Insurance premium, Insurance supervision, Internal controls, Internal oversight, ISCR, Legal support in revenue administration, Liability insurance, Portfolio transfer, Regulatory agency, Reinsurance company, Reinsurance policy, Risk assessment, Risk management

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/270
Stock No:

1ARGEA2012003
ISBN:

9781475510584
ISSN:

1934-7685

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