Publication:
Risk Based Supervision

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dc.contributor.authorRandle, Tony
dc.date.accessioned2017-06-30T15:52:53Z
dc.date.available2017-06-30T15:52:53Z
dc.date.issued2009-12
dc.description.abstractThe 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/807661468177834997/Risk-based-supervision
dc.identifier.doi10.1596/27499
dc.identifier.urihttps://hdl.handle.net/10986/27499
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPrimer Series on Insurance;14
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectINSURANCE
dc.subjectACCIDENT
dc.subjectACCIDENT INSURANCE
dc.subjectACCRUAL ACCOUNTING
dc.subjectAGRICULTURAL INSURANCE
dc.subjectAUDITORS
dc.subjectBANKS
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL REQUIREMENT
dc.subjectCATASTROPHIC EVENTS
dc.subjectCONSUMER PROTECTION
dc.subjectCONTINGENCY PLANS
dc.subjectCREDIT RATINGS
dc.subjectCREDIT RISK
dc.subjectDISASTER
dc.subjectDISASTER RECOVERY
dc.subjectEARLY WARNING
dc.subjectEXCHANGE RATES
dc.subjectEXTERNAL AUDITORS
dc.subjectFINANCIAL ASSETS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL SERVICES
dc.subjectFIRE
dc.subjectFOREIGN EXCHANGE
dc.subjectFRAUD
dc.subjectHOUSING
dc.subjectHOUSING FINANCE
dc.subjectHUMAN RESOURCE MANAGEMENT
dc.subjectINCOME
dc.subjectINSPECTIONS
dc.subjectINSURANCE COMPANY
dc.subjectINSURANCE INDUSTRY
dc.subjectINSURANCE MARKETS
dc.subjectINSURANCE RISK
dc.subjectINSURANCE SUPERVISORS
dc.subjectINSURER
dc.subjectINTEGRITY
dc.subjectINTEREST RATES
dc.subjectLAWS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGISLATION
dc.subjectLIFE INSURERS
dc.subjectMARKET RISK
dc.subjectMICROINSURANCE
dc.subjectNBFI
dc.subjectNEGOTIATIONS
dc.subjectNON-BANK
dc.subjectOPERATIONAL RISK
dc.subjectPENALTIES
dc.subjectPENSION FUNDS
dc.subjectPENSION SUPERVISION
dc.subjectPENSIONS
dc.subjectPOLICYHOLDERS
dc.subjectPREMIUMS
dc.subjectPRESENT VALUE
dc.subjectPRIVATE REINSURANCE
dc.subjectPROFITABILITY
dc.subjectPROGRAMS
dc.subjectRATES
dc.subjectRATING AGENCIES
dc.subjectREINSURANCE
dc.subjectREINSURER
dc.subjectREINSURERS
dc.subjectRESERVES
dc.subjectRESIDUAL RISK
dc.subjectRISK ASSESSMENT
dc.subjectRISK MANAGEMENT
dc.subjectRISK MANAGEMENT PROCESS
dc.subjectRISK OF DEFAULT
dc.subjectRISK PROFILES
dc.subjectSAVINGS
dc.subjectSOLVENCY
dc.subjectSTORM
dc.subjectSUBORDINATED DEBT
dc.subjectSUPERVISORY AGENCIES
dc.subjectSUPERVISORY AUTHORITIES
dc.subjectTAXATION
dc.subjectTECHNICAL ASSISTANCE
dc.subjectUNDERWRITING
dc.titleRisk Based Supervisionen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleRisk Based Supervision
okr.date.disclosure2011-06-14
okr.date.doiregistration2025-05-07T08:38:42.415980Z
okr.doctypeEconomic & Sector Work::Other Financial Sector Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/807661468177834997/Risk-based-supervision
okr.guid807661468177834997
okr.identifier.externaldocumentum000333037_20110614044512
okr.identifier.internaldocumentum14357074
okr.identifier.report62514
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/807661468177834997/pdf/625140NWP0Risk00Box0361486B0PUBLIC0.pdfen
okr.sectorFinance :: Non-compulsory pensions, insurance and contractual savings
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Insurance & Risk Mitigation
okr.topicFinance and Financial Sector Development::Non Bank Financial Institutions
okr.topicSocial Protections and Labor::Labor Policies
okr.topicUrban Development::Hazard Risk Management
okr.unitGlobal Capital Markets Development Department
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