## Canada: Financial Sector Assessment Program-Insurance Core Principles-Detailed Assessment of Observance

_IMF Staff Country Reports, March 7, 2014_

## Source details

**Canonical URL:** [Canada: Financial Sector Assessment Program-Insurance Core Principles-Detailed Assessment of Observance](https://www.imf.org/en/publications/cr/issues/2016/12/31/canada-financial-sector-assessment-program-insurance-core-principles-detailed-assessment-of-41408)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/canada-financial-sector-assessment-program-insurance-core-principles-detailed-assessment-of-41408/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/canada-financial-sector-assessment-program-insurance-core-principles-detailed-assessment-of-41408/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/canada-financial-sector-assessment-program-insurance-core-principles-detailed-assessment-of-41408/bundle-manifest.json)

## Bibliographic details
- Published: March 7, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475523652.002

---

### Executive summary
- 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.

### Key findings
- 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.

### Thematic coverage
- 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.

---

## Content in this bundle

- **Executive Summary — _cr1472**
  - [Executive Summary — _cr1472 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2014/_cr1472.pdf.md){rel="alternate" type="text/markdown"}
  - [Executive Summary — _cr1472 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2014/_cr1472.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/canada-financial-sector-assessment-program-insurance-core-principles-detailed-assessment-of-41408_