Norway: Financial Sector Assessment Program-Technical Note-Insurance Sector Oversight
August 12, 2020
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The Norwegian insurance sector is well-capitalized. In recent years, the authorities have taken steps to recapitalize weak insurers and to boost capital for the overall industry. Risk-resilience has been strengthened by stronger retention of profits leading to accumulation of reserves, better risk management, and higher capital in the run-up to the implementation of the Solvency II regulatory regime.
Subject: Financial institutions, Financial sector policy and analysis, Financial stability assessment, Insurance, Insurance companies, Solvency, Stress testing
Keywords: balance sheet, CR, Europe, Financial stability assessment, FSA department, FSA issues circular, FSA-run stress test, guarantee scheme, inspection program, Insurance, Insurance companies, insurance undertaking, ISCR, main focus, nonlife insurance, profitability prospects, rate of return, risk assessment, risk outlook, Solvency, Stress testing
Pages:
37
Volume:
2020
DOI:
Issue:
263
Series:
Country Report No. 2020/263
Stock No:
1NOREA2020005
ISBN:
9781513553153
ISSN:
1934-7685
