India : Financial Sector Assessment Program—Detailed Assessments Report on IAIS Insurance Core Principles

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

August 29, 2013

Electronic Access:

Free Full text (PDF file size is 973 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses key findings of the assessment of India’s compliance with the International Association of Insurance Supervisors Insurance Core Principles (ICP). Indian Regulatory and Development Authority (IRDA) has so far decided that India is not yet ready for a full transition to cutting-edge international approaches owing to informational and skills shortages and a continuing lack of international consensus. Certain prudential ICPs come under this heading, and IRDA will need to augment its resources in its core supervisory departments if it is to introduce a rigorous corrective action and enforcement regime built on a risk-based approach to the capital and operational management of insurers.

Series:

Country Report No. 13/265

Subject:

English

Publication Date:

August 29, 2013

ISBN/ISSN:

9781484363188/1934-7685

Stock No:

1INDEA2013003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

89

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