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Japan: Insurance Core Principles-Detailed Assessment of Observance
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2012: Issue 228
Language:
English
Publication Date:
10 Aug 2012
DOI:
https://doi.org/10.5089/9781475506365.002
ISBN:
9781475506365
ISSN:
1934-7685
Pages:
78
Keywords:
ISCR; CR; insurance company; risk management; nonlife insurer; board of directors; holding company; Insurance companies; Financial stability assessment; Insurance; Solvency; Global
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This Working Paper is a detailed assessment of Japan’s compliance with the Insurance Core Principles of the International Association of Insurance Supervisors. The paper identifies a reduction in interest rates and equity prices as two factors that influence the structure and functioning of the insurance market and emphasizes the important role played by the Financial Services Agency in supervising and regulating it. As Japan is prone to frequent natural disasters, the insurance sector is of prime importance to its economic and social well-being.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund