Austria Publication of Financial Sector Assessment Program Documentation—Technical Note on Insurance Sector

This Technical Note provides an update on the Austrian insurance industry and an analysis of its regulatory and supervisory regime. The structure of the domestic insurance sector has remained largely stable since the last update. At Q3-2012 there were 50 insurance companies with assets of €108 billi...

Full description

Bibliographic Details
Corporate Author: International Monetary Fund Monetary and Capital Markets Department
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2014
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 02662nmm a2200565 u 4500
001 EB000923566
003 EBX01000000000000000717162
005 00000000000000.0
007 cr|||||||||||||||||||||
008 150128 ||| eng
020 |a 9781484375730 
245 0 0 |a Austria  |b Publication of Financial Sector Assessment Program Documentation—Technical Note on Insurance Sector 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2014 
300 |a 17 pages 
651 4 |a Austria 
653 |a Insurance companies 
653 |a Institutional Investors 
653 |a Pension Funds 
653 |a Finance 
653 |a Industries: Financial Services 
653 |a Financial sector policy and analysis 
653 |a Financial institutions 
653 |a Bankruptcy 
653 |a General Financial Markets: Government Policy and Regulation 
653 |a Financial Instruments 
653 |a Nonbank financial institutions; Law and legislation 
653 |a Debt 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Non-bank Financial Institutions 
653 |a Solvency 
653 |a Financial risk management 
653 |a Liquidation 
653 |a Financial regulation and supervision 
653 |a Business and Financial 
653 |a Actuarial Studies 
653 |a Insurance supervision 
653 |a Financial services law & regulation 
653 |a Finance: General 
653 |a Insurance Companies 
653 |a Insurance 
653 |a Stress testing 
653 |a Insurance & actuarial studies 
710 2 |a International Monetary Fund  |b Monetary and Capital Markets Department 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Staff Country Reports 
028 5 0 |a 10.5089/9781484375730.002 
856 4 0 |u https://elibrary.imf.org/view/journals/002/2014/014/002.2014.issue-014-en.xml?cid=41264-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a This Technical Note provides an update on the Austrian insurance industry and an analysis of its regulatory and supervisory regime. The structure of the domestic insurance sector has remained largely stable since the last update. At Q3-2012 there were 50 insurance companies with assets of €108 billion, making up nearly 40 percent of GDP. Although insurance portfolios are largely concentrated in high-quality bonds, they have significant exposure to European banks. Most insurance companies in Austria appear well capitalized under the Solvency I regime. The industry remains profitable though margins have come under some pressure recently