IMF Staff Country Reports

United Kingdom: Financial Sector Assessment Program-Detailed Assessment of Observance of Insurance Core Principles Issued by the International Association of Insurance Supervisors

April 8, 2022

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Format: Chicago

International Monetary Fund. Monetary and Capital Markets Department "United Kingdom: Financial Sector Assessment Program-Detailed Assessment of Observance of Insurance Core Principles Issued by the International Association of Insurance Supervisors", IMF Staff Country Reports 2022, 109 (2022), accessed 12/12/2025, https://doi.org/10.5089/9798400206825.002

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Summary

The regulatory framework for insurance supervision in the United Kingdom is sophisticated and the authorities are leaders in supervisory techniques. Observance with the Insurance Core Principles (ICPs) is very high compared to peers with 17 ICPs observed and only 6 out of 24 ICPs determined to be largely observed and 1 partly observed.

Subject: Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Financial services, Insurance, Insurance companies, International organization, Monetary policy, Solvency

Keywords: ASSESSMENT of insurance core principle, ASSESSMENT of observance, Global, Insurance, Insurance companies, insurance solvency coverage, Solvency, solvency ASSESSMENT, solvency requirement, staff team of the International Monetary Fund