Belgium: Detailed Assessment of Observance of Insurance Core Principles
Electronic Access:
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Summary:
The Belgian insurance industry was adversely affected by the global financial crisis and continued to confront challenges related to legacy assets and economic uncertainties in Europe. The Belgian authorities have made significant progress in updating the insurance regulatory regime and supervisory practice. The updated regulatory framework has a high level of observance with the Insurance Core Principles (ICPs), supported by robust prudential supervision. The authorities are advised to review current conduct-of-business (CoB) regulation and supervision to strengthen the protection for policyholders.
Series:
Country Report No. 2013/134
Subject:
Financial institutions Financial sector policy and analysis Insurance Insurance companies Internal controls Legal support in revenue administration Revenue administration Solvency
English
Publication Date:
May 24, 2013
ISBN/ISSN:
9781484384466/1934-7685
Stock No:
1BELEA2013004
Pages:
112
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