Sweden: Financial Sector Assessment Program-Technical Note-Insurance Sector Regulation and Supervision
IMF Staff Country Reports, October 5, 2017
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- Sweden: Financial Sector Assessment Program-Technical Note-Insurance Sector Regulation and Supervision
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Bibliographic details
- Published: October 5, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484322420.002
Summary findings
- Discusses findings and recommendations in the Financial Sector Assessment Program (FSAP) for Sweden in the areas of insurance sector regulation and supervision.
- The regulatory and supervisory framework has been enhanced since the 2011 FSAP.
- The Finansinspektionen (Financial Supervisory Authority, FI) is the principal regulatory body, with responsibility for prudential regulation, consumer protection, and macroprudential regulation.
- Some measures are recommended to strengthen solvency regulation further.
- Solvency II should be applied in full to occupational pensions insurance, unless the government decides to create a separate national regime for occupational pensions, as exists in many other countries.
Regulatory and supervisory framework
- Principal authority: Finansinspektionen (FI).
- FI responsibilities: prudential regulation, consumer protection, macroprudential regulation.
- Framework status: Enhanced since the 2011 FSAP.
Key recommendation(s)
- Strengthen solvency regulation through additional measures (details described in the Technical Note).
- Apply Solvency II in full to occupational pensions insurance, unless a separate national regime for occupational pensions is established by the government.
Subject coverage and keywords
- Subject: Expenditure, Financial institutions, Financial sector policy and analysis, Insurance, Insurance companies, Labor, Pension spending, Pensions, Solvency
- Keywords: Baltics, CR, EU insurance regulation, FI, FI priority, FI's insurance work, firm, Global, guarantee scheme, II framework, Insurance, Insurance companies, insurance supervisor, ISCR, life company, life insurer, line of business, motor insurance, Pension spending, plan firm, risk assessment, Solvency, Solvency II
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- Country Report