Sweden: Financial Sector Assessment Program Update-Detailed Assessment of Observance on Insurance Core Principles
IMF Staff Country Reports, September 16, 2011
Source details
- Canonical URL
- Sweden: Financial Sector Assessment Program Update-Detailed Assessment of Observance on Insurance Core Principles
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Bibliographic details
- Published: September 16, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781463903534.002
Overview
- The staff report highlights that the insurance sector in Sweden is well developed and mature.
- The captive insurance segment is mainly driven by tax advantages.
- This assessment provides an update on the significant regulatory and supervisory developments in the insurance sector of Sweden since 2002.
- The assessment is based solely on the laws, regulations, and other supervisory requirements and practices that were in place at the time of the assessment.
- Publication date: September 16, 2011
Key findings
- The insurance sector in Sweden is described as well developed and mature.
- Captive insurance segment: mainly driven by tax advantages.
- The assessment updates regulatory and supervisory developments since 2002.
- The assessment basis: laws, regulations, and other supervisory requirements and practices in place at the time of the assessment.
Regulatory and supervisory developments (scope)
- Provides an update on significant regulatory and supervisory developments in the insurance sector since 2002.
- Assessment scope limited to existing laws, regulations, supervisory requirements, and practices at the time of assessment.
Subjects and keywords
- Subject: Corporate governance, Economic sectors, Financial institutions, Financial sector policy and analysis, Insurance, Insurance companies, Internal controls, Revenue administration, Solvency
- Keywords: Baltics, board of directors, corporate governance, Corporate governance, CR, Europe, FI regulation, Global, holding company, Insurance, Insurance companies, insurance group, Internal controls, ISCR, risk assessment, risk management, Solvency, supervisory authority