Publication:
Financial Sector Assessment Program : Brazil - IAIS Insurance Core Principles

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dc.contributor.authorInternational Monetary Fund
dc.contributor.authorWorld Bank
dc.date.accessioned2013-10-01T18:22:15Z
dc.date.available2013-10-01T18:22:15Z
dc.date.issued2012-06
dc.description.abstractThis report is a full assessment of Brazil's compliance with the Insurance Core Principles (ICPs) of the International Association of Insurance Supervisors (IAIS), as adopted in October 2011. Regulation and supervision of the insurance industry in Brazil is largely the responsibility of the National Council for Private Insurance (CNSP) and the Superintendency of Private Insurance (SUSEP). The assessment is based solely on the laws, regulations, and other supervisory requirements and practices that were in place at the time of assessment. Brazil is one of the first jurisdictions to be assessed under the 2011 version of the ICPs. In the last few years the insurance industry experienced an explosive growth doubling the premium between 2005 and 2010 however, growth potential remains significant. Investments by the insurance sector are conservative and short term, primarily comprising fixed income instruments. Currently around 88 percent of the insurance business is sold by around 70 thousand active brokers, but the supervision and disclosure requirements are thin.en
dc.identifierhttp://documents.worldbank.org/curated/en/2012/06/18170275/brazil-financial-sector-assessment-program
dc.identifier.doi10.1596/15974
dc.identifier.urihttps://hdl.handle.net/10986/15974
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO INSURANCE
dc.subjectACCOUNTING
dc.subjectACTUARIES
dc.subjectANNUITY
dc.subjectAUDITORS
dc.subjectAUDITS
dc.subjectBALANCE SHEET
dc.subjectBANK DEPOSITS
dc.subjectBANKRUPTCY
dc.subjectBENEFICIARIES
dc.subjectBENEFICIARY
dc.subjectBROKER
dc.subjectBROKERS
dc.subjectBUDGET CONSTRAINTS
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCAPITALIZATION
dc.subjectCEDANTS
dc.subjectCENTRAL BANK
dc.subjectCIVIL CODE
dc.subjectCIVIL LAW
dc.subjectCODE OF CONDUCT
dc.subjectCOLLATERAL
dc.subjectCOLLATERALS
dc.subjectCOMMISSIONS
dc.subjectCONFIDENTIALITY
dc.subjectCONFLICT OF INTEREST
dc.subjectCONFLICT OF INTERESTS
dc.subjectCONSUMER EDUCATION
dc.subjectCONSUMER PROTECTION
dc.subjectCONSUMERS
dc.subjectCONTRACTUAL RIGHTS
dc.subjectCORPORATE GOVERNANCE
dc.subjectCORPORATE GOVERNANCE REGIME
dc.subjectCREDIT AVAILABILITY
dc.subjectCREDIT EXPANSION
dc.subjectCREDIT EXPOSURES
dc.subjectCREDIT RISK
dc.subjectCREDIT RISKS
dc.subjectCROSS-BORDER COOPERATION
dc.subjectCURRENCY
dc.subjectCURRENCY MATCHING
dc.subjectDISCLOSURE REQUIREMENTS
dc.subjectDOMESTIC MARKET
dc.subjectEXPOSURE
dc.subjectFINANCIAL INFORMATION
dc.subjectFINANCIAL REPORTING
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL SYSTEM
dc.subjectFIXED INCOME
dc.subjectFIXED INCOME INVESTMENT
dc.subjectFIXED INCOME INVESTMENTS
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN FIRMS
dc.subjectFOREIGN INSURERS
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTMENTS
dc.subjectFRAUD
dc.subjectGOVERNMENT BONDS
dc.subjectGOVERNMENT POLICIES
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHEALTH INSURANCE
dc.subjectHOLDING
dc.subjectINCOME INSTRUMENTS
dc.subjectINFORMATION DISCLOSURE
dc.subjectINFORMATION SHARING
dc.subjectINSOLVENT INSURERS
dc.subjectINSPECTIONS
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINSURANCE ACTIVITIES
dc.subjectINSURANCE ACTIVITY
dc.subjectINSURANCE BROKERS
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE FRAUD
dc.subjectINSURANCE INDUSTRY
dc.subjectINSURANCE LAW
dc.subjectINSURANCE MARKET
dc.subjectINSURANCE PENETRATION
dc.subjectINSURANCE POLICIES
dc.subjectINSURANCE POLICY
dc.subjectINSURANCE PREMIUM
dc.subjectINSURANCE PREMIUMS
dc.subjectINSURANCE PRODUCT
dc.subjectINSURANCE PRODUCTS
dc.subjectINSURANCE SUPERVISION
dc.subjectINSURANCE SUPERVISORS
dc.subjectINSURANCES
dc.subjectINSURER
dc.subjectINTANGIBLE
dc.subjectINTANGIBLE ASSETS
dc.subjectINTEGRITY
dc.subjectINTERNAL AUDIT
dc.subjectINTERNAL CONTROLS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL INSURANCE
dc.subjectINTERNATIONAL MARKET
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTMENT FUNDS
dc.subjectINVESTMENT INCOME
dc.subjectINVESTMENT INSTRUMENTS
dc.subjectINVESTMENT POLICY
dc.subjectINVESTMENT REQUIREMENTS
dc.subjectINVESTMENT STRATEGIES
dc.subjectJOINT VENTURE
dc.subjectJOINT VENTURES
dc.subjectJUDICIAL SYSTEM
dc.subjectJURISDICTION
dc.subjectJURISDICTIONS
dc.subjectLAWS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL PROTECTION
dc.subjectLEGAL PROVISIONS
dc.subjectLEGAL SYSTEM
dc.subjectLIABILITY
dc.subjectLIBERALIZATION
dc.subjectLIEN
dc.subjectLIFE INSURANCE
dc.subjectLIFE INSURERS
dc.subjectLIQUIDATION
dc.subjectLIQUIDITY
dc.subjectLONG TERM ASSETS
dc.subjectLONG TERM LIABILITIES
dc.subjectLONG TERM SAVING
dc.subjectLONG TERM SAVINGS
dc.subjectMARKET DATA
dc.subjectMARKET DEVELOPMENT
dc.subjectMARKET DEVELOPMENTS
dc.subjectMARKET DOMINANCE
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET SHARE
dc.subjectMARKET STRUCTURE
dc.subjectMICROINSURANCE
dc.subjectMONETARY FUND
dc.subjectMONEY LAUNDERING
dc.subjectMORTGAGE
dc.subjectMORTGAGES
dc.subjectMOTOR INSURANCE
dc.subjectNON-LIFE INSURANCE
dc.subjectOPERATIONAL INDEPENDENCE
dc.subjectOPERATIONAL RISK
dc.subjectPENSION
dc.subjectPENSION FUND
dc.subjectPENSION FUNDS
dc.subjectPENSION PLANS
dc.subjectPENSIONS
dc.subjectPOLICYHOLDERS
dc.subjectPORTFOLIO
dc.subjectPOTENTIAL LIABILITY
dc.subjectPRIVATE INSURANCE
dc.subjectPRIVATE PENSION
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPROFESSIONAL LIABILITY
dc.subjectPROFESSIONAL LIABILITY INSURANCE
dc.subjectPROFITABILITY
dc.subjectPROGRAMS
dc.subjectPROTECTION OF POLICYHOLDERS
dc.subjectREAL ESTATE
dc.subjectRECIPROCITY
dc.subjectRECOVERABLES
dc.subjectREGULATION OF INSURANCE
dc.subjectREGULATOR
dc.subjectREGULATORS
dc.subjectREGULATORY AUTHORITY
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY REQUIREMENTS
dc.subjectREINSURANCE
dc.subjectREINSURANCE BROKER
dc.subjectREINSURANCE CONTRACT
dc.subjectREINSURANCE CONTRACTS
dc.subjectREINSURANCE CREDIT
dc.subjectREINSURERS
dc.subjectRESERVES
dc.subjectRETURN
dc.subjectRISK CAPITAL
dc.subjectRISK CONTROL
dc.subjectRISK EXPOSURES
dc.subjectRISK MANAGEMENT
dc.subjectRISK MANAGEMENT SYSTEMS
dc.subjectRISK PROFILE
dc.subjectRISK TRANSFER
dc.subjectSECURITIES
dc.subjectSELF REGULATION
dc.subjectSELF-REGULATION
dc.subjectSETTLEMENT
dc.subjectSETTLEMENT OF CASES
dc.subjectSOCIAL SECURITY
dc.subjectSOLVENCY
dc.subjectSOLVENCY REQUIREMENTS
dc.subjectSTRONG GOVERNANCE
dc.subjectSUPERVISORY AGENCIES
dc.subjectSUPERVISORY AUTHORITY
dc.subjectSUPERVISORY REGIME
dc.subjectSURETY
dc.subjectTAX
dc.subjectTAX BENEFITS
dc.subjectTAX CODE
dc.subjectTAX INCENTIVES
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTERRORISM
dc.subjectTRANSACTION
dc.subjectTRANSPARENCY
dc.subjectUNDERLYING ASSETS
dc.subjectUNDERWRITING
dc.subjectVALUATION
dc.subjectVALUATIONS
dc.subjectWARRANTS
dc.titleFinancial Sector Assessment Program : Brazil - IAIS Insurance Core Principlesen
dspace.entity.typePublication
okr.date.disclosure2013-08-30
okr.date.doiregistration2025-05-07T10:32:10.222447Z
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program (FSAP)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2012/06/18170275/brazil-financial-sector-assessment-program
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid966211468021274392
okr.identifier.externaldocumentum000442464_20130830122834
okr.identifier.internaldocumentum18170275
okr.identifier.report80727
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/08/30/000442464_20130830122834/Rendered/PDF/807270ESW0Braz00Box379814B00Public0.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.countryBrazil
okr.sectorFinance :: General finance sector
okr.themeFinancial and private sector development :: Regulation and competition policy
okr.themeFinancial and private sector development :: Standards and financial reporting
okr.themeFinancial and private sector development :: Other financial and private sector development
okr.themeTrade and integration :: International financial architecture
okr.topicInsurance and Risk Mitigation
okr.topicLaw and Development::Insurance Law
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Non Bank Financial Institutions
okr.topicFinance and Financial Sector Development::Debt Markets
okr.unitFinancial Sector Assessment Prog (FFSFP)
okr.volume1 of 1
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