Austria: Publication of Financial Sector Assessment Program Documentation—Technical Note on Insurance Sector
IMF Staff Country Reports, January 21, 2014
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- Austria: Publication of Financial Sector Assessment Program Documentation—Technical Note on Insurance Sector
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Bibliographic details
- Published: January 21, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484375730.002
Overview
- 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.
Key statistics and sector size
- At Q3-2012 there were 50 insurance companies with assets of €108 billion, making up nearly 40 percent of GDP.
- Pages: 17
- Volume: 2014
- Issue: 014
- Series: Country Report No. 2014/014
- DOI: https://doi.org/10.5089/9781484375730.002
- Stock No: 1AUTEA2014002
- ISBN: 9781484375730
- ISSN: 1934-7685
Sector composition and exposures
- Insurance portfolios are largely concentrated in high-quality bonds.
- Insurers have significant exposure to European banks.
Capitalization, solvency regime, and profitability
- 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.
Subjects and keywords
- Subjects: Financial institutions; Financial regulation and supervision; Financial sector policy and analysis; Insurance; Insurance companies; Insurance supervision; Solvency; Stress testing
- Keywords: CR; FMA department; FMA issues regulation; industry; Insurance; Insurance companies; insurance market; Insurance supervision; insurance supervisor; insurer; ISCR; life insurance; life insurer; originating insurer; premium; Solvency; Stress testing
International Monetary Fund. Monetary and Capital Markets Department "Austria: Publication of Financial Sector Assessment Program Documentation—Technical Note on Insurance Sector", IMF Staff Country Reports 2014, 014 (2014).