World Bank2013-03-262013-03-262007-05https://hdl.handle.net/10986/12967This review looks at the governance of the insurance sector in Slovenia, analyzing the legal framework and its enforcement and the adoption of corporate governance principles by firms. It is intended to provide policy makers and insurers in Slovenia, and other countries, with insight into existing corporate practices, and to offer a framework of good practices that can assist lawmakers in their efforts to strengthen governance in the insurance sector. The report may also contribute to the ongoing international debate on good corporate governance practices in insurance sector companies worldwide. It has three objectives: improving the description of good practices related to governance of insurance sectors; conducting a diagnostic review of Slovenian insurance governance against these benchmarks, and providing recommendations on ways of further improving the corporate governance of the Slovenian insurance sector. The review concludes with recommendations for auditing and risk evaluation, and advises that, although Slovenia's three finance regulators have served it well to date, the regulatory and supervisory structure for the finance sector is in need of more review before a joint working group could be established to implement the legal, organizational, media, and sequencing issues involved in creating an integrated regulatory agency.en-USCC BY 3.0 IGOACCESS TO INFORMATIONACCOUNTINGACCOUNTING STANDARDSACTUARIESAMOUNT OF CAPITALARBITRAGEASSET LIABILITY MANAGEMENTAUDIT COMMITTEEAUDIT COMMITTEESAUDITORSBALANCE SHEETBALANCE SHEETSBANK DEPOSITSBANK RISKBANKING SYSTEMBANKRUPTCIESBONDBOND MARKETBONDSBUSINESS PERFORMANCECAPITAL ADEQUACYCAPITAL FUNDCAPITAL MARKETCAPITAL MARKETSCAPITAL REQUIREMENTSCHECKSCIVIL CODECOLLECTIVE INVESTMENTCOLLECTIVE INVESTMENTSCOMPANY LAWCOMPENSATIONCOMPLIANCE COSTSCONFLICTS OF INTERESTCONSUMER CREDITCONSUMER PROTECTIONCONSUMERSCONTINGENCY PLANSCORPORATE BONDCORPORATE FRAUDCORPORATE GOVERNANCECORPORATE GOVERNANCE FRAMEWORKCORPORATE GOVERNANCE REFORMCORPORATE INSIDERSCORPORATE INSOLVENCYCOUPONSCREDIT RATING AGENCIESCREDIT RISKCREDIT RISKSCREDITORSDEBTDEBT SECURITIESDEFAULT RISKDEFAULTSDEGREE OF RISKDEMOGRAPHICDIRECT ACCESSDIRECT INVESTMENTSECONOMIC DEVELOPMENTEMERGING MARKETSEQUITY INVESTMENTSEXCHANGE RATESEXPENDITURESFINANCIAL ASSETSFINANCIAL CONGLOMERATESFINANCIAL INFORMATIONFINANCIAL INFRASTRUCTUREFINANCIAL INSTITUTIONSFINANCIAL INTEGRATIONFINANCIAL MANAGEMENTFINANCIAL MARKETSFINANCIAL SECTORFINANCIAL SECTOR DEVELOPMENTFINANCIAL SERVICESFINANCIAL STATEMENTSFIXED INCOMEFIXED INCOME SECURITIESFOREIGN INSURERSFOREIGN STOCKGOVERNANCE ISSUESGOVERNANCE PRACTICESGOVERNMENT BONDSGOVERNMENT OWNERSHIPGROSS DOMESTIC PRODUCTHEALTH CAREHEALTH INSURANCEHOLDINGHOLDINGSIMMOVABLE PROPERTYINCOMESINITIAL PUBLIC OFFERINGINSURANCEINSURANCE COMPANIESINSURANCE COMPANYINSURANCE COMPANY INVESTMENTINSURANCE INDUSTRYINSURANCE MARKETINSURANCE PENETRATIONINSURANCE POLICIESINSURANCE POLICYINSURANCE PRODUCTSINSURANCE REGULATIONSINSURANCE SUPERVISIONINSURANCE SUPERVISORSINSURERINTEREST RATESINTERNAL AUDITINTERNAL CONTROLINTERNAL CONTROLSINTERNATIONAL BANKINTERNATIONAL BANKSINTERNATIONAL CAPITALINTERNATIONAL CREDITINTERNATIONAL CREDIT RATINGINTERNATIONAL CREDIT RATINGSINTERNATIONAL DEBATEINTERNATIONAL INSTITUTIONAL INVESTORSINTERNATIONAL INSURANCEINVESTMENT FUNDINVESTMENT FUNDSINVESTMENT PORTFOLIOINVESTMENT PROJECTSINVESTMENT PURPOSESIPOJURISDICTIONSLEGAL FRAMEWORKLEGAL OBLIGATIONLEGAL SYSTEMLEGAL SYSTEMSLENDERSLIABILITYLIENLIFE INSURANCELIFE INSURANCE COMPANIESLIFE INSURANCE COMPANYLIFE INSURANCE CONTRACTLIFE INSURANCE POLICIESLIFE INSURANCE PRODUCTSLIMITED LIABILITYLIMITED LIABILITY COMPANYLIQUIDATIONLIQUIDITYLIQUIDITY RISKLOANLOAN PORTFOLIOSLOCAL BUSINESSLOCAL CURRENCYLONG-TERM OBLIGATIONSMARKET CAPITALIZATIONMARKET DISCIPLINEMARKET DISCIPLINESMARKET ENVIRONMENTMARKET MECHANISMSMARKET PARTICIPANTSMARKET PLAYERMARKET PRICEMARKET RISKMARKET SHAREMATURITYMINORITY SHAREHOLDERSMORTGAGEMUTUAL FUNDSOPEN MARKETOWNERSHIP STRUCTUREPENSIONPENSION FUNDPENSION FUNDSPENSION PRODUCTSPENSION SYSTEMPENSIONSPORTFOLIOPRIVATE PENSIONPRIVATE PENSION FUNDSPRIVATE SECTOR DEVELOPMENTPROGRAMSPROTECTION OF POLICYHOLDERSPRUDENTIAL STANDARDSREAL ESTATEREFORM PROGRAMREGULATORSREGULATORY REQUIREMENTSREINSURANCEREPLACEMENT RATESRESERVERESERVESRETURNRETURNSRETURNS ON EQUITYRISK EVALUATIONRISK EXPOSURESRISK MANAGEMENTRISK MANAGEMENT SYSTEMRISK MANAGEMENT SYSTEMSSAVINGSSECURITIES EXCHANGESETTLEMENTSHARES OF INVESTMENTSOLVENCYSTOCK EXCHANGESTOCK EXCHANGESSTRONG CORPORATE GOVERNANCESTRONG GOVERNANCESUPERVISORY AGENCIESSUPERVISORY AGENCYSUPERVISORY AUTHORITYSUPERVISORY BOARDSUPERVISORY BOARDSTAXTORTTRANCHETRANCHESTRANSACTIONTRANSFER RISKSTRANSITION COUNTRIESTRANSPARENCYUNDERWRITINGVALUATIONSWorld Bank10.1596/12967