Spain: Financial Sector Assessment Program: Detailed Assessment of Observance of the IAIS Insurance Core Principles
IMF Staff Country Reports, June 14, 2006
Source details
- Canonical URL
- Spain: Financial Sector Assessment Program: Detailed Assessment of Observance of the IAIS Insurance Core Principles
Other formats
Bibliographic details
- Published: June 14, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451812213.002
Summary of content
- This paper presents a detailed assessment of the observance of the Insurance Core Principles (ICP) of the International Association of Insurance Supervisors (IAIS) in Spain.
- The IMF consulted:
- the review of a self-assessment prepared by the General Directorate of Insurance and Pension Funds (DGSFP),
- comments from Private Insurance Organization and Supervision Law (LOSSP) and other secondary regulations on the insurance activity,
- notes and presentations on several regulatory and supervisory issues.
- The paper also discusses the recommended action plan and authorities’ response to the assessment.
Key themes and topics covered
- Observance of Insurance Core Principles (ICP) of the IAIS in Spain.
- Regulatory and supervisory framework for insurance in Spain, including DGSFP materials and LO SSP-related comments.
- Recommended action plan to address assessment findings.
- Authorities’ response to the IMF assessment.
Subjects and keywords
- Subjects:
- Financial institutions
- Financial regulation and supervision
- Insurance
- Insurance companies
- Insurance Core Principles
- Insurance supervision
- Internal controls
- Revenue administration
- Keywords:
- board of directors
- CR
- Europe
- Global
- Insurance
- Insurance companies
- Insurance Core Principles
- insurance market
- insurance supervision
- Internal controls
- ISCR
- life insurer
- nonlife insurance business
- supervisory authority
Content in this bundle
- Detailed Assessment of Observance of IAIS Insurance Core Principles