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United States: Publication of Financial Sector Assessment Program Documentation: Detailed Assessment of Observance of IAIS Insurance Core Principles
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2010: Issue 126
Language:
English
Publication Date:
14 May 2010
DOI:
https://doi.org/10.5089/9781455206681.002
ISBN:
9781455206681
ISSN:
1934-7685
Pages:
80
Keywords:
ISCR; CR; insurance department; holding company; financial condition; supervisory authority; insurance regulator; insurance regulation; casualty insurance; Insurance companies; Insurance; Insurance regulation; Anti-money laundering and combating the financing of terrorism (AML/CFT); Internal controls; Global
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund