Sweden: Financial Sector Assessment Program Update-Detailed Assessment of Observance on Insurance Core Principles

Volume/Issue: Volume 2011 Issue 282
Publication date: September 2011
ISBN: 9781463903534
$20.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Finance , Public Finance , Corporate Governance , ISCR , CR , holding company , risk assessment , risk management , corporate governance , insurance group , FI regulation , supervisory authority , board of directors , Insurance companies , Insurance , Solvency , Internal controls , Corporate governance , Global , Baltics , Europe

Summary

The staff report highlights that the insurance sector in Sweden is well developed and mature. The captive insurance segment is mainly driven by tax advantages. This assessment provides an update on the significant regulatory and supervisory developments in the insurance sector of Sweden since 2002. The assessment is based solely on the laws, regulations, and other supervisory requirements and practices that were in place at the time of the assessment.