India : Financial Sector Assessment Program-Detailed Assessments Report on IAIS Insurance Core Principles.

This paper discusses key findings of the assessment of India's compliance with the International Association of Insurance Supervisors Insurance Core Principles (ICP). Indian Regulatory and Development Authority (IRDA) has so far decided that India is not yet ready for a full transition to cutti...

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Detalles Bibliográficos
Autor Corporativo: International Monetary Fund. Monetary and Capital Markets Department
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2013.
Series:IMF Staff Country Reports; Country Report ; No. 2013/265
Acceso en liña:Full text available on IMF
Descripción
Summary:This paper discusses key findings of the assessment of India's compliance with the International Association of Insurance Supervisors Insurance Core Principles (ICP). Indian Regulatory and Development Authority (IRDA) has so far decided that India is not yet ready for a full transition to cutting-edge international approaches owing to informational and skills shortages and a continuing lack of international consensus. Certain prudential ICPs come under this heading, and IRDA will need to augment its resources in its core supervisory departments if it is to introduce a rigorous corrective action and enforcement regime built on a risk-based approach to the capital and operational management of insurers.
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Descrición Física:1 online resource (89 pages)
Formato:Mode of access: Internet
ISSN:1934-7685
Acceso:Electronic access restricted to authorized BRAC University faculty, staff and students