Brazil: Detailed Assessment of Observance of Insurance Core Principles of the International Association of Insurance Supervisors
December 14, 2012
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This report is a full assessment of Brazil’s compliance with the Insurance Core Principles (ICPs) of the International Association of Insurance Supervisors (IAIS) as adopted in October 2011. In the last few years, the Brazilian insurance industry experienced an explosive growth doubling the premium between 2005 and 2010. Investments by the insurance sector are conservative and short term, and primarily comprised of fixed income instruments. Profitability levels of the insurance sector have been consistent and the solvency ratio of the insurance industry has been strong. Other financial indicators of the insurance sector also suggest resilience.
Subject: Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Insurance, Insurance companies, Insurance supervision, Internal controls, Revenue administration, Solvency
Keywords: business plan, Caribbean, corporate governance, CR, credit risk, financial market, health insurance, Insurance, insurance business, Insurance companies, insurance sector, Insurance supervision, Internal controls, investment funds, ISCR, liability insurance, nonlife insurance market, risk management, Solvency, solvency margin ratio, SUSEP decision, SUSEPS work
Pages:
75
Volume:
2012
DOI:
Issue:
334
Series:
Country Report No. 2012/334
Stock No:
1BRAEA2012005
ISBN:
9781475591354
ISSN:
1934-7685
