Cover IMF Staff Country Reports
Norway: Financial Sector Assessment Program-Technical Note-Insurance Sector Oversight
Author:
International Monetary Fund. Monetary and Capital Markets Department
Search for other papers by International Monetary Fund. Monetary and Capital Markets Department in
Current site
Google Scholar
PubMedClose
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2020: Issue 263
Language:
English
Publication Date:
12 Aug 2020
DOI:
https://doi.org/10.5089/9781513553153.002
ISBN:
9781513553153
ISSN:
1934-7685
Pages:
37
Keywords:
ISCR; CR; FSA issues circular; FSA-run stress test; insurance undertaking; risk outlook; inspection program; main focus; nonlife insurance; risk assessment; balance sheet; rate of return; guarantee scheme; profitability prospects; FSA department; Insurance companies; Insurance; Financial stability assessment; Solvency; Stress testing; Europe
Download PDF (4.1 MB) Download Epub
The Norwegian insurance sector is well-capitalized. In recent years, the authorities have taken steps to recapitalize weak insurers and to boost capital for the overall industry. Risk-resilience has been strengthened by stronger retention of profits leading to accumulation of reserves, better risk management, and higher capital in the run-up to the implementation of the Solvency II regulatory regime.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2020: Issue 263