{
  "title": "Canada: Financial Sector Assessment Program-Insurance Core Principles-Detailed Assessment of Observance",
  "publication": "IMF Staff Country Reports, March 7, 2014",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/canada-financial-sector-assessment-program-insurance-core-principles-detailed-assessment-of-41408",
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  "summary": "This Detailed Assessment report, a part of the 2013 Financial Sector Assessment Program (FSAP) of Canada, assesses Canada’s regulatory regime and supervisory practices against the international standards.",
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    {
      "heading": "Executive summary",
      "content": "- This Detailed Assessment report is part of the 2013 Financial Sector Assessment Program (FSAP) of Canada.\n- The report assesses Canada’s regulatory regime and supervisory practices against international standards.\n- Publication date: March 7, 2014."
    },
    {
      "heading": "Key findings",
      "content": "- The IMF report suggests that the Office of the Superintendent of Financial Institutions (OSFI) should be empowered to take supervisory measures at the level of the holding company.\n- OSFI requires Federally Regulated Insurers (FRI) FRIs to develop internal capital targets.\n- Requirements to develop an Own Risk and Solvency Assessment are scheduled to be implemented in 2014."
    },
    {
      "heading": "Thematic coverage",
      "content": "- Subjects covered include: Capital adequacy requirements; Corporate governance; Economic sectors; Financial institutions; Financial regulation and supervision; Insurance; Insurance companies; Legal support in revenue administration; Revenue administration.\n- Keywords include: Asia and Pacific; automobile insurance; Capital adequacy requirements; corporate governance; Corporate governance; CR; Europe; Global; holding company; Insurance; Insurance companies; insurance coverage; insurance group; ISCR; Legal support in revenue administration; life insurance; line of business; mortgage insurance; risk management.\n\n---\n\n Content in this bundle\n\n- Executive Summary — cr1472\n  - Executive Summary — cr1472 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Executive Summary — cr1472 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: March 7, 2014",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475523652.002",
    "This Detailed Assessment report is part of the 2013 Financial Sector Assessment Program (FSAP) of Canada.",
    "The report assesses Canada’s regulatory regime and supervisory practices against international standards.",
    "Publication date: March 7, 2014.",
    "The IMF report suggests that the Office of the Superintendent of Financial Institutions (OSFI) should be empowered to take supervisory measures at the level of the holding company.",
    "OSFI requires Federally Regulated Insurers (FRI) FRIs to develop internal capital targets.",
    "Requirements to develop an Own Risk and Solvency Assessment are scheduled to be implemented in 2014.",
    "Subjects covered include: Capital adequacy requirements; Corporate governance; Economic sectors; Financial institutions; Financial regulation and supervision; Insurance; Insurance companies; Legal support in revenue administration; Revenue administration.",
    "Keywords include: Asia and Pacific; automobile insurance; Capital adequacy requirements; corporate governance; Corporate governance; CR; Europe; Global; holding company; Insurance; Insurance companies; insurance coverage; insurance group; ISCR; Legal support in revenue administration; life insurance; line of business; mortgage insurance; risk management.",
    "**Executive Summary — _cr1472**"
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