Austria: Publication of Financial Sector Assessment Program Documentation—Technical Note on Insurance Sector
This Technical Note on Austria was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available following the FSAP discussions that ended on April 30, 2013 with the officials of Austria. Based on the information available at the time of these discussions, the assessment was completed in September 2013.
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This Technical Note was prepared by IMF staff in the context of the Financial Sector Assessment Program in Austria. It contains technical analysis and detailed information underpinning the FSAP’s findings and recommendations.
OVERVIEW OF THE AUSTRIAN INSURANCE SECTOR
RISKS FACED BY THE INSURANCE SECTOR
IMPLEMENTATION OF IAIS INSURANCE CORE PRINCIPLES
A. Conditions for Effective Insurance Supervision
B. The Supervisory System
C. The Supervised Entity
D. Ongoing Supervision
E. Prudential Requirements
F. Markets and Consumers
G. Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT)
1. Progress on Key 2007 Recommendations
2. Financial Soundness Indicators for the Insurance Industry
Anti-Money Laundering and Combatting the Financing of Terrorism
Central, Eastern, and South-Eastern Europe
European Insurance and Occupational Pensions Authority