France: Financial Sector Assessment Program—Detailed Assessment of Observance of Insurance Core Principles
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Summary:
This paper discusses key findings of the Detailed Assessment of Observance of Insurance Core Principles for France. The assessment reveals that insurance regulation and supervision are still predominantly carried out using a Solvency I approach. The insurance sector remained resilient through the recent global financial crisis. A thorough approach to assessing insurer technical provisions and their coverage by admissible assets has led to financially sound insurers. Individual French insurance companies have not needed any government or industry support.
Series:
Country Report No. 2013/181
Subject:
Financial institutions Financial regulation and supervision Financial sector policy and analysis Insurance Insurance companies Insurance supervision Internal controls Revenue administration Solvency
English
Publication Date:
July 1, 2013
ISBN/ISSN:
9781484370575/1934-7685
Stock No:
1FRAEA2013003
Pages:
67
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