Italy: Technical Note on Insurance Sector

Publication Date: December 06, 2013
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Summary: This Technical Note covers the insurance sector of Italy supervised by the Institution for the Supervision of Insurance in Italy. Notwithstanding the high level of compliance with the International Association of Insurance Supervisors principles, critical principles remain to be taken on. Twenty one principles are fully or largely observed; however, the remaining five principles that are partly observed are central to maintaining financial stability of the sector and preventing possible unexpected insolvencies. The anti-crisis measures introduced for the insurance sector have also helped the sector navigate through the recent sovereign debt volatility and created an effective early warning supervisory tool.
Series: Country Report No. 13/346
Subject(s): Insurance regulations | Insurance supervision | Financial Sector Assessment Program | Italy

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).
Publication Date: December 06, 2013
ISBN/ISSN: 9781475565799/1934-7685 Format: Paper
Stock No: 1ITAEA2013005 Pages: 32
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