Italy : Financial Sector Assessment Program: Detailed Assessment of Observance of the Insurance Core Principles

This paper discusses a Detailed Assessment of the Observance of the Insurance Core Principles for Italy. The assessment reveals that insurance supervision in Italy occurs within a legal framework that incorporates the relevant European Union Directives. More than two-thirds of the principles have been assessed as being observed or largely observed. Furthermore, the authorities in Italy are actively pursuing a number of legislative and supervisory initiatives that hold the potential to materially improve the level of observance in the near future.
Publication date: March 2006
ISBN: 9781451819953
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Insurance - Risk Assessment and Management , Money and Monetary Policy , life insurance , risk management , internal controls , supervisory authority , reinsurance

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