Denmark : Detailed Assessment of Observance of the Insurance Core Principles.

By: Department, International Monetary Fund. Monetary and Capital MarketsMaterial type: TextTextSeries: IMF Staff Country ReportsPublisher: Washington : International Monetary Fund, 2014Copyright date: ©2014Description: 1 online resource (130 pages)Content type: text Media type: computer Carrier type: online resourceISBN: 9781475572254Subject(s): Denmark -- Economic conditions -- 1945- | Insurance -- State supervision -- Denmark | Insurance law -- Denmark | International Monetary Fund -- DenmarkGenre/Form: Electronic books.Additional physical formats: Print version:: Denmark : Detailed Assessment of Observance of the Insurance Core PrinciplesDDC classification: 354.85 LOC classification: HG8111 -- .I584 2014ebOnline resources: Click to View
Contents:
Cover -- CONTENTS -- GLOSSARY -- EXECUTIVE SUMMARY -- ASSESSMENT OF INSURANCE CORE PRINCIPLES -- A. Introduction and Scope -- B. Information and Methodology Used for Assessment -- C. Overview-Institutional and Macroprudential Setting -- D. Preconditions for Effective Insurance Supervision -- E. Recommendations and Authorities' Response -- F. Authorities' Responses to the Assessment -- DETAILED ASSESSMENT -- TABLES -- 1. Insurance Penetration and Density in 2012 -- 2. Size of the Insurance Sector in 2012 -- 3. Trends in Insurance Market Structure (number of companies) -- 4. Trend in Technical Provisions -- 5. Composition of Assets -- 6. Gross Premiums Written by Major Lines of Business -- 7. Profitability Indicators -- 8. Solvency Ratios (Solvency I) by Major Lines of Business -- 9. Summary of Compliance with the ICPs -- 10. Summary of Observance Level -- 11. Recommendations to Improve Observance of the ICPs -- 12. Detailed Assessment of Observance of the ICPs.
Summary: This paper discusses findings of the Detailed Assessment of Observance of the Insurance Core Principles on Denmark. Insurance regulation in Denmark has a good level of compliance with the Insurance Core Principles. A particular strength of the Danish Financial Supervisory Authority's approach is its close focus on key risks in the sector and its readiness to require action by companies to address vulnerabilities. Regular, even daily monitoring of market risk sensitivities is carried out on life insurers' balance sheets. In nonlife insurance, regular testing of a number of key performance ratios helps to highlight potential weaknesses and to support early intervention. There is comprehensive oversight of the reinsurance programs of the nonlife companies in particular.
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Cover -- CONTENTS -- GLOSSARY -- EXECUTIVE SUMMARY -- ASSESSMENT OF INSURANCE CORE PRINCIPLES -- A. Introduction and Scope -- B. Information and Methodology Used for Assessment -- C. Overview-Institutional and Macroprudential Setting -- D. Preconditions for Effective Insurance Supervision -- E. Recommendations and Authorities' Response -- F. Authorities' Responses to the Assessment -- DETAILED ASSESSMENT -- TABLES -- 1. Insurance Penetration and Density in 2012 -- 2. Size of the Insurance Sector in 2012 -- 3. Trends in Insurance Market Structure (number of companies) -- 4. Trend in Technical Provisions -- 5. Composition of Assets -- 6. Gross Premiums Written by Major Lines of Business -- 7. Profitability Indicators -- 8. Solvency Ratios (Solvency I) by Major Lines of Business -- 9. Summary of Compliance with the ICPs -- 10. Summary of Observance Level -- 11. Recommendations to Improve Observance of the ICPs -- 12. Detailed Assessment of Observance of the ICPs.

This paper discusses findings of the Detailed Assessment of Observance of the Insurance Core Principles on Denmark. Insurance regulation in Denmark has a good level of compliance with the Insurance Core Principles. A particular strength of the Danish Financial Supervisory Authority's approach is its close focus on key risks in the sector and its readiness to require action by companies to address vulnerabilities. Regular, even daily monitoring of market risk sensitivities is carried out on life insurers' balance sheets. In nonlife insurance, regular testing of a number of key performance ratios helps to highlight potential weaknesses and to support early intervention. There is comprehensive oversight of the reinsurance programs of the nonlife companies in particular.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2018. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.

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