European Parliament Library

United States :, Publication of Financial Sector Assessment Program Documentation: Detailed Assessment of Observance of IAIS Insurance Core Principles

This paper discusses key findings of the Detailed Assessment of Observance of International Association of Insurance Supervisors (IAIS) Insurance Core Principles for the United States. Most U.S. insurers write primary insurance on U.S. risks. The U.S. market is characterized by low market concentration in most sectors, indicating a high degree of competition. Overall, the insurance sector, and the property and casualty companies in particular, has been resilient through the financial crisis. However, there have also been significant stresses in the insurance sector in the last two years
Table Of Contents
Cover; Contents; Glossary; I: Executive Summary, Key Findings, and Recommendations; A. Introduction; B. Information and Methodology Used for Assessment; C. Institutional and Market Structure-Overview; Recent performance; Tables; 1. U.S. Insurance Companies-Capital Adequacy; Regulatory arrangements; Box; Box 1. Variable Annuities; Guaranty funds (policyholder compensation arrangements); D. Main Findings; 2. Summary of Observance of the Insurance Core Principles; E. Recommended Action Plan and Authorities' Response
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (81 p.)
Specific Material Designation
Form Of Item

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