Israel; Detailed Assessment of Observance of International Association of Insurance Supervisors Insurance Core Principles

A full assessment of Israelâ€™s compliance with the Insurance Core Principles (ICPs) of the International Association of Insurance Supervisors (IAIS) is presented. The Minister of Finance bears the political responsibility for supervisory oversight of the Israeli insurance system. Nonlife insurance accounts for about 50 percent of total premiums in the country, and motor premiums make up about 50 percent of that total. The Israeli insurance sector has been hit hard by the financial crisis. The Israeli stock market has fallen by 51 percent, sharply impacting companiesâ€™ earnings in 2008.

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Year of publication:	2012-04-12
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Financial Sector Assessment Program \| Insurance legislation \| Insurance supervision \| Reports on the Observance of Standards and Codes \| life insurance \| insurance companies \| risk management \| pension \| pension funds \| policyholders \| reinsurance \| supervisory authority \| provident funds \| life insurers \| internal controls \| insurance law \| insurance company \| non-life insurance \| capital requirements \| supervisory agencies \| insurance industry \| insurance fraud \| supervisory framework \| underwriting \| internal control \| health insurance \| investment risk \| motor insurance \| market risk \| insurance products \| bodily injury \| risk assessment \| legal framework \| consumer protection \| supervisory system \| insurance agents \| retirement \| provident fund \| insurance supervisors \| risk management policies \| pension fund \| long term savings \| credit risk \| risk management system \| applications \| insurance contracts \| insurance agencies \| reinsurance companies \| insurance premiums \| insurance policies \| retirement savings \| counterparty risks \| asset management \| life annuity \| risk taking \| mutual funds \| insurance markets \| investment manager \| mutual fund \| supervisory authorities \| reinsurance credit \| insurance product \| actuarial reports \| pension system \| life insurer \| investment managers \| individual pension \| insurance system \| pension savings \| pension fund account \| pension product \| risk managers \| pensions \| defined benefit pension \| solvency requirement \| defined benefit \| financial reporting \| pension plans \| retirement savings plans \| pension regulations \| benefit pension \| annual financial statements \| risk mitigation \| reinsurance transactions \| health care \| insurance claims \| life insurance companies \| bidding process \| risk profiles \| liability insurance \| retirement benefit \| financial systems \| transfer of business \| guaranteed return \| risk profile \| lump sum withdrawal \| internal audits \| risk transfer \| long term saving \| long-term care

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 12/84 8 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011244032