European Parliament Library

Israel :, Detailed Assessment of Observance of International Association of Insurance Supervisors Insurance Core Principles

Label
Israel :, Detailed Assessment of Observance of International Association of Insurance Supervisors Insurance Core Principles
Language
eng
Abstract
A full assessment of Israel’s compliance with the Insurance Core Principles (ICPs) of the International Association of Insurance Supervisors (IAIS) is presented. The Minister of Finance bears the political responsibility for supervisory oversight of the Israeli insurance system. Nonlife insurance accounts for about 50 percent of total premiums in the country, and motor premiums make up about 50 percent of that total. The Israeli insurance sector has been hit hard by the financial crisis. The Israeli stock market has fallen by 51 percent, sharply impacting companies’ earnings in 2008
resource.governmentPublication
international or intergovernmental publication
Literary Form
non fiction
Main title
Israel :
Nature of contents
dictionaries
Series statement
IMF Staff Country Reports
Sub title
Detailed Assessment of Observance of International Association of Insurance Supervisors Insurance Core Principles
Table Of Contents
Cover; Contents; Glossary; I. Assessment of Insurance Core Principles; A. Introduction and Scope; B. Executive Summary; C. Overview-Institutional and Macro Prudential Setting; Tables; 1. Insurance Premiums as Percent of GDP (Insurance Penetration); 2. Insurance Penetration over Time and by Life/Non-Life; 3. Number of Insurers; 4. Insurer Market Concentration; 5. Five Largest Insurance Groups; 6 Life Insurance Gross Premium; 7. Non-life Insurance Gross Premium; 8. Total Assets Attributable to Life Insurance; 9. Total Assets Attributable to Non-Life Insurance; 10. Assets by Investment Risk11. Investment Mix12. Pension System Data; 13. Non-life Iinsurance Claims Ratio; 14. Non-life Insurance Combined Ratio; 15. Non-life Iinsurance Profits before Tax; 16. Life Insurance Commissions; 17. Life Insurance Expenses; 18. Life Insurance Profits Before Tax; 19. Impact of Performance Fees; 20. Capital Requirements and Surplus; Figure; 1. Structure of the CMISD; D. Summary of Compliance with the ICPs; 21. Summary of Compliance with the ICPs; 22. Recommendations to Improve Observance of the Insurance Core PrinciplesII. Detailed Principle-by-Principle Assessment of Observance of the Insurance Core Principles
Content