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, April 8, 2022
Source details
- Canonical URL
- United Kingdom: Financial Sector Assessment Program-Detailed Assessment of Observance of Insurance Core Principles Issued by the International Association of Insurance Supervisors
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Bibliographic details
- Published: April 8, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400206825.002
Executive 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.
- Out of 24 ICPs: 17 ICPs observed, 6 ICPs largely observed, and 1 ICP partly observed.
Key findings and assessments
- Supervisory framework characterization:
- Described as "sophisticated" and with authorities who are "leaders in supervisory techniques."
- ICP observance breakdown:
- 17 ICPs observed.
- 6 ICPs largely observed.
- 1 ICP partly observed.
- Total ICPs referenced: 24.
Content in this bundle
- 1gbrea2022010