## Kingdom of the Netherlands-Netherlands: Financial Sector Assessment Program:: Technical Note-Insurance and Pension Sectors

_IMF Staff Country Reports, April 13, 2017_

## Source details

**Canonical URL:** [Kingdom of the Netherlands-Netherlands: Financial Sector Assessment Program:: Technical Note-Insurance and Pension Sectors](https://www.imf.org/en/publications/cr/issues/2017/04/13/kingdom-of-the-netherlands-netherlands-financial-sector-assessment-program-technical-note-44819)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/04/13/kingdom-of-the-netherlands-netherlands-financial-sector-assessment-program-technical-note-44819/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/04/13/kingdom-of-the-netherlands-netherlands-financial-sector-assessment-program-technical-note-44819/index.json)
- [Bundle manifest](/en/publications/cr/issues/2017/04/13/kingdom-of-the-netherlands-netherlands-financial-sector-assessment-program-technical-note-44819/bundle-manifest.json)

## Bibliographic details
- Published: April 13, 2017
- Series: IMF Staff Country Reports

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### Summary and scope
- Discusses findings and recommendations in the Financial Sector Assessment Program for the Netherlands on the insurance and pension sectors.
- Focus areas include governance, accountability, and internal processes of supervisors operating under a twin-peaks model, and ongoing discussions on restructuring the pension system.

### Governance, accountability, and supervisory structure
- Supervisory model: well-functioning twin-peaks model.
- Board structure:
  - Two-tier boards that include independent members for both supervisors.
  - An internal audit department exists within the supervisors.
- Internal processes:
  - Detailed documentation supports internal processes.
  - The governance structure of both supervisors is described as vigorous.

### Pension system discussions and risk allocation
- Policy discussions:
  - Discussions are underway to determine a new structure for the pension system.
  - The contemplated changes may include shifting risks to the participants.

### Subject areas and keywords
- Subject classifications:
  - Expenditure, Financial institutions, Financial sector policy and analysis, Insurance, Insurance companies, Labor, Pension spending, Pensions, Solvency.
- Keywords:
  - coverage ratio, CR, financial product, fixed income, Global, holding company, Insurance, Insurance companies, interest rate, ISCR, occupational pension, Pension spending, Pensions, risk assessment, Solvency, Solvency II.

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr1794.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr1794.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2017/04/13/kingdom-of-the-netherlands-netherlands-financial-sector-assessment-program-technical-note-44819_