Risk Based Supervision

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作者：

Randle, Tony

来源地址：

http://hdl.handle.net/10986/27499

关键词：

INSURANCE;  ACCIDENT;  ACCIDENT INSURANCE;  ACCRUAL ACCOUNTING;  AGRICULTURAL INSURANCE;  AUDITORS;  BANKS;  CAPITAL MARKETS;  CAPITAL REQUIREMENT;  CATASTROPHIC EVENTS;  CONSUMER PROTECTION;  CONTINGENCY PLANS;  CREDIT RATINGS;  CREDIT RISK;  DISASTER;  DISASTER RECOVERY;  EARLY WARNING;  EXCHANGE RATES;  EXTERNAL AUDITORS;  FINANCIAL ASSETS;  FINANCIAL INSTITUTIONS;  FINANCIAL INSTRUMENTS;  FINANCIAL SERVICES;  FIRE;  FOREIGN EXCHANGE;  FRAUD;  HOUSING;  HOUSING FINANCE;  HUMAN RESOURCE MANAGEMENT;  INCOME;  INSPECTIONS;  INSURANCE COMPANY;  INSURANCE INDUSTRY;  INSURANCE MARKETS;  INSURANCE RISK;  INSURANCE SUPERVISORS;  INSURER;  INTEGRITY;  INTEREST RATES;  LAWS;  LEGAL FRAMEWORK;  LEGISLATION;  LIFE INSURERS;  MARKET RISK;  MICROINSURANCE;  NBFI;  NEGOTIATIONS;  NON-BANK;  OPERATIONAL RISK;  PENALTIES;  PENSION FUNDS;  PENSION SUPERVISION;  PENSIONS;  POLICYHOLDERS;  PREMIUMS;  PRESENT VALUE;  PRIVATE REINSURANCE;  PROFITABILITY;  PROGRAMS;  RATES;  RATING AGENCIES;  REINSURANCE;  REINSURER;  REINSURERS;  RESERVES;  RESIDUAL RISK;  RISK ASSESSMENT;  RISK MANAGEMENT;  RISK MANAGEMENT PROCESS;  RISK OF DEFAULT;  RISK PROFILES;  SAVINGS;  SOLVENCY;  STORM;  SUBORDINATED DEBT;  SUPERVISORY AGENCIES;  SUPERVISORY AUTHORITIES;  TAXATION;  TECHNICAL ASSISTANCE;  UNDERWRITING;  Report;  Rapport;  Informe; 

年份：

2009

出版地：

Washington,USA

语种：

English

摘要：

The role of supervisory authorities undertaking prudential supervision is to promote the maintenance of efficient, fair, safe and stable insurance markets for the benefit and protection of policyholders. An effective supervisory authority is able to require an insurer to take timely preventive and corrective measures if the insurer fails to operate in a manner that is consistent with sound business practices or regulatory requirements. Traditionally, authorities have performed this role by way of compliance based supervision. Under this style of supervision, insurers must comply with a set of prudential rules generally written into the law or the subordinate legislation. The role of the supervisory authority is to ensure that insurers do, in fact, comply with these rules. In recent years, supervision has been evolving and moving from a style that is compliance based to one that is risk based. This progression has also been a feature of the activities of bank supervision and pension supervision.