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Belgium Detailed Assessment of Observance of Insurance Core Principles

The Belgian insurance industry was adversely affected by the global financial crisis and continued to confront challenges related to legacy assets and economic uncertainties in Europe. The Belgian authorities have made significant progress in updating the insurance regulatory regime and supervisory...

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Bibliographic Details
Corporate Author: International Monetary Fund European Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2013
Series:IMF Staff Country Reports
Subjects:
Insurance Companies
Revenue Administration
Institutional Investors
Pension Funds
Finance
Public Finance & Taxation
Industries: Financial Services
Financial Sector Policy And Analysis
Financial Institutions
Bankruptcy
Financial Instruments
Debt
Legal Support In Revenue Administration
Non-bank Financial Institutions
Internal Controls
Solvency
Taxation, Subsidies, And Revenue: General
Liquidation
Actuarial Studies
Public Finance
Finance: General
Revenue
Insurance
Insurance & Actuarial Studies
Belgium
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:The Belgian insurance industry was adversely affected by the global financial crisis and continued to confront challenges related to legacy assets and economic uncertainties in Europe. The Belgian authorities have made significant progress in updating the insurance regulatory regime and supervisory practice. The updated regulatory framework has a high level of observance with the Insurance Core Principles (ICPs), supported by robust prudential supervision. The authorities are advised to review current conduct-of-business (CoB) regulation and supervision to strengthen the protection for policyholders
Physical Description:112 pages
ISBN:9781484384466

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