Switzerland: Financial Sector Assessment Program: Technical Note: An Assessment of Insurance Core Principles for the Reinsurance Industry
IMF Staff Country Reports, June 13, 2007
Source details
- Canonical URL
- Switzerland: Financial Sector Assessment Program: Technical Note: An Assessment of Insurance Core Principles for the Reinsurance Industry
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Bibliographic details
- Published: June 13, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451807356.002
Scope and purpose
- Assessment of Insurance Core Principles (ICP) for the reinsurance industry in Switzerland.
- Focus on market structure, supervisory issues, and industry composition.
Market structure and concentration
- The Swiss reinsurance market is dominated by three large players with a strong international presence.
- Swiss Re, European Re, and Converium have consistently maintained more than 75 percent market share.
- The reinsurance industry comprises 20 professional reinsurers and 50 reinsurance captives.
Business composition and geography
- Gross premiums written totaled SwF 37.4 billion for 2005.
- More than 95 percent of reinsurance premiums came from foreign business.
Thematic coverage (subjects and keywords)
- Subjects: Corporate governance; Economic sectors; Financial institutions; Financial regulation and supervision; Financial sector policy and analysis; Insurance; Insurance companies; Insurance supervision; Solvency.
- Keywords: conglomerate supervision; corporate governance; Corporate governance; CR; FOPI official; FOPI staff; FOPI's power; Global; Insurance; Insurance companies; insurance group; Insurance supervision; ISCR; risk management; Solvency; supervisory authority.
Source: Switzerland: Financial Sector Assessment Program: Technical Note: An Assessment of Insurance Core Principles for the Reinsurance Industry
Content in this bundle
- Recommended Action Plan to Improve Observance of Insurance Core Principles