{
  "title": "Australia: Insurance Core Principles—Detailed Assessment of Observance",
  "publication": "IMF Staff Country Reports, November 21, 2012",
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  "summary": "The insurance industry in Australia has weathered the global financial crisis well and was resilient to the catastrophic events in 2010/11. The insurance industry is mature but relatively small compared to the banking sector.",
  "sections": [
    {
      "heading": "Executive summary and key findings",
      "content": "- The insurance industry in Australia \"has weathered the global financial crisis well and was resilient to the catastrophic events in 2010/11.\"\n- The industry is described as \"mature but relatively small compared to the banking sector.\"\n- Assets held by insurers represented \"only about 8 percent of the financial system total assets as at end-2011.\"\n- Market consolidation since 2007: the total number of players fell \"from 190 to 172.\"\n- Branches of foreign-owned general insurers increased \"from 36 to 43.\"\n- Industry composition as at end-June 2011:\n  - \"24 life insurers\"\n  - \"108 general insurers\"\n  - \"19 reinsurers\"\n  - \"7 captive general insurers\"\n  - \"14 friendly societies\""
    },
    {
      "heading": "Thematic focus areas (as identified in the source)",
      "content": "- Capital adequacy requirements\n- Financial institutions\n- Financial regulation and supervision\n- Financial sector policy and analysis\n- Financial services\n- Insurance\n- Insurance companies\n- Solvency"
    },
    {
      "heading": "Keywords and governance indicators extracted",
      "content": "- APRA member\n- APRA staff\n- business plan\n- Capital adequacy requirements\n- capital base\n- corporate governance\n- CR\n- financial system\n- Global\n- holding company\n- Insurance\n- Insurance companies\n- ISCR\n- Solvency\n- supervision activity"
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      "content": "- Pages: \"137\"\n- Volume: \"2012\"\n- Issue: \"312\"\n- Series: \"Country Report No. 2012/312\"\n- DOI: \"https://doi.org/10.5089/9781589069794.002\"\n- Stock No: \"1AUSEA2012006\"\n- ISBN: \"9781589069794\"\n- ISSN: \"1934-7685\"\n- Publication date on page: \"November 21, 2012\"\n\nSource: International Monetary Fund — Australia: Insurance Core Principles—Detailed Assessment of Observance\n\n---\n\n Content in this bundle\n\n- cr12312\n  - cr12312 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr12312 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: November 21, 2012",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781589069794.002",
    "The insurance industry in Australia \"has weathered the global financial crisis well and was resilient to the catastrophic events in 2010/11.\"",
    "The industry is described as \"mature but relatively small compared to the banking sector.\"",
    "Assets held by insurers represented \"only about 8 percent of the financial system total assets as at end-2011.\"",
    "Market consolidation since 2007: the total number of players fell \"from 190 to 172.\"",
    "Branches of foreign-owned general insurers increased \"from 36 to 43.\"",
    "Industry composition as at end-June 2011:",
    "APRA member",
    "APRA staff",
    "business plan",
    "capital base",
    "corporate governance",
    "CR",
    "financial system",
    "Global",
    "holding company",
    "ISCR",
    "supervision activity",
    "Pages: \"137\"",
    "Volume: \"2012\"",
    "Issue: \"312\"",
    "Series: \"Country Report No. 2012/312\"",
    "DOI: \"https://doi.org/10.5089/9781589069794.002\"",
    "Stock No: \"1AUSEA2012006\"",
    "ISBN: \"9781589069794\"",
    "ISSN: \"1934-7685\"",
    "Publication date on page: \"November 21, 2012\"",
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