Australia Insurance Core Principles—Detailed Assessment of Observance

The insurance industry in Australia has weathered the global financial crisis well and was resilient to the catastrophic events in 2010/11. The insurance industry is mature but relatively small compared to the banking sector. Assets held by insurers represented only about 8 percent of the financial...

Full description

Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2012
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 02524nmm a2200553 u 4500
001 EB000924613
003 EBX01000000000000000718209
005 00000000000000.0
007 cr|||||||||||||||||||||
008 150128 ||| eng
020 |a 9781589069794 
245 0 0 |a Australia  |b Insurance Core Principles—Detailed Assessment of Observance 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2012 
300 |a 137 pages 
651 4 |a Australia 
653 |a Insurance companies 
653 |a Institutional Investors 
653 |a Asset requirements 
653 |a Pension Funds 
653 |a Capital adequacy requirements 
653 |a Finance 
653 |a Industries: Financial Services 
653 |a Financial sector policy and analysis 
653 |a Financial institutions 
653 |a Bankruptcy 
653 |a Financial services 
653 |a Financial Instruments 
653 |a Debt 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Non-bank Financial Institutions 
653 |a Solvency 
653 |a Banks and Banking 
653 |a Liquidation 
653 |a Financial services industry 
653 |a Financial regulation and supervision 
653 |a Actuarial Studies 
653 |a Financial services law & regulation 
653 |a Finance: General 
653 |a Insurance Companies 
653 |a Insurance 
653 |a Insurance & actuarial studies 
710 2 |a International Monetary Fund 
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 10.5089/9781589069794.002 
856 4 0 |u https://elibrary.imf.org/view/journals/002/2012/312/002.2012.issue-312-en.xml?cid=40114-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a The insurance industry in Australia has weathered the global financial crisis well and was resilient to the catastrophic events in 2010/11. The insurance industry is mature but relatively small compared to the banking sector. Assets held by insurers represented only about 8 percent of the financial system total assets as at end-2011. Since 2007, the insurance market has been consolidating steadily as the total number of players fell from 190 to 172 although branches of foreign-owned general insurers rose from 36 to 43. The industry was comprised of 24 life insurers, 108 general insurers, 19 reinsurers, 7 captive general insurers and 14 friendly societies as at end-June 2011