India : Financial Sector Assessment Program-Detailed Assessments Report on IAIS Insurance Core Principles.

This paper discusses key findings of the assessment of India's compliance with the International Association of Insurance Supervisors Insurance Core Principles (ICP). Indian Regulatory and Development Authority (IRDA) has so far decided that India is not yet ready for a full transition to cutti...

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Détails bibliographiques
Collectivité auteur: International Monetary Fund. Monetary and Capital Markets Department
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2013.
Collection:IMF Staff Country Reports; Country Report ; No. 2013/265
Accès en ligne:Full text available on IMF
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520 3 |a This paper discusses key findings of the assessment of India's compliance with the International Association of Insurance Supervisors Insurance Core Principles (ICP). Indian Regulatory and Development Authority (IRDA) has so far decided that India is not yet ready for a full transition to cutting-edge international approaches owing to informational and skills shortages and a continuing lack of international consensus. Certain prudential ICPs come under this heading, and IRDA will need to augment its resources in its core supervisory departments if it is to introduce a rigorous corrective action and enforcement regime built on a risk-based approach to the capital and operational management of insurers. 
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830 0 |a IMF Staff Country Reports; Country Report ;  |v No. 2013/265 
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