Austria: Publication of Financial Sector Assessment Program Documentation—Technical Note on Insurance Sector

 
 
Publication Date: January 21, 2014
 
Electronic Access: Free Full text (PDF file size is 276KB).
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Summary: This Technical Note provides an update on the Austrian insurance industry and an analysis of its regulatory and supervisory regime. The structure of the domestic insurance sector has remained largely stable since the last update. At Q3-2012 there were 50 insurance companies with assets of €108 billion, making up nearly 40 percent of GDP. Although insurance portfolios are largely concentrated in high-quality bonds, they have significant exposure to European banks. Most insurance companies in Austria appear well capitalized under the Solvency I regime. The industry remains profitable though margins have come under some pressure recently.
 
Series: Country Report No. 14/14
Subject(s): Financial Sector Assessment Program | Insurance supervision | Insurance regulations | Austria

 
English
Publication Date: January 21, 2014
ISBN/ISSN: 9781484375730/1934-7685 Format: Paper
Stock No: 1AUTEA2014002 Pages: 17
Price:
US$18.00 (Academic Rate:
US$18.00 )
 
 
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