Switzerland: Financial Sector Assessment Program: Technical Note: An Assessment of Insurance Core Principles for the Reinsurance Industry
June 13, 2007
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This technical note discusses key findings of the assessment of Insurance Core Principles (ICP) for the reinsurance industry for Switzerland. It reveals that the Swiss reinsurance market is dominated by three large players with a strong international presence. The reinsurance industry comprises 20 professional reinsurers and 50 reinsurance captives with gross premiums written totaling SwF 37.4 billion for 2005. Swiss Re, European Re, and Converium have consistently maintained more than 75 percent market share. More than 95 percent of reinsurance premiums came from foreign business.
Subject: 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
Pages:
30
Volume:
2007
DOI:
Issue:
200
Series:
Country Report No. 2007/200
Stock No:
1CHEEA2007005
ISBN:
9781451807356
ISSN:
1934-7685
