European Parliament Library

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

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
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; Tables; Figures; Glossary; I. Overview, Key Findings, and Recommendations; A. Introduction; B. Information and Methodology Used for Assessment; C. Institutional and Market Structure-Overview; 1. Financial System Comparatives; 2. Life Insurer AUM Comparatives; 3. Comparative Real Nonlife Density and Penetration Trends; 4. Comparative Real Life Density Index and Penetration Trends; 1. Actual vs. Expected Life Insurance Penetration; 2. Actual vs. Expected Nonlife Penetration; 3. Share of Annual Equivalent First Year life Premiums
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (91 p.)
Specific Material Designation
Form Of Item

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