United States: Publication of Financial Sector Assessment Program Documentation: Detailed Assessment of Observance of IAIS Insurance Core Principles

IMF Staff Country Reports, May 14, 2010

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United States: Publication of Financial Sector Assessment Program Documentation: Detailed Assessment of Observance of IAIS Insurance Core Principles

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Bibliographic details

• Published: May 14, 2010
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781455206681.002

Overview and purpose

• Discusses key findings of the Detailed Assessment of Observance of International Association of Insurance Supervisors (IAIS) Insurance Core Principles for the United States.
• Publication date: May 14, 2010.
• Series: Country Report No. 2010/126, Issue: 126, Volume: 2010, Pages: 80.
• DOI: https://doi.org/10.5089/9781455206681.002
• ISBN: 9781455206681
• ISSN: 1934-7685
• Stock No: 1USAEA2010008

Market structure and scope

• Most U.S. insurers write primary insurance on U.S. risks.
• The U.S. market is characterized by low market concentration in most sectors, indicating a high degree of competition.

Sector performance and resilience

• Overall, the insurance sector, and the property and casualty companies in particular, has been resilient through the financial crisis.
• However, there have also been significant stresses in the insurance sector in the last two years.

Thematic subjects covered

• Anti-money laundering and combating the financing of terrorism (AML/CFT)
• Crime
• Financial institutions
• Financial regulation and supervision
• Insurance
• Insurance companies
• Insurance regulation
• Internal controls
• Revenue administration

Keywords (as listed)

• Anti-money laundering and combating the financing of terrorism (AML/CFT)
• casualty insurance
• CR
• financial condition
• Global
• holding company
• Insurance
• Insurance companies
• insurance department
• insurance regulation
• Insurance regulation
• insurance regulator
• Internal controls
• ISCR
• supervisory authority

International Monetary Fund. United States: Publication of Financial Sector Assessment Program Documentation: Detailed Assessment of Observance of IAIS Insurance Core Principles, IMF Staff Country Reports 2010, 126 (2010).

Content in this bundle

• 1. U.S. Insurance Companies—Capital Adequacy
  • 1. U.S. Insurance Companies—Capital Adequacy (Markdown version)
  • 1. U.S. Insurance Companies—Capital Adequacy (PDF)