Austria: Financial Sector Assessment Program-Technical Note on Insurance Regulation and Supervision
Austria: Financial Sector Assessment Program-Technical Note on Insurance Regulation and Supervision
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Volume/Issue:
Volume 2026
Issue 226
Publication date: August 2026
ISBN: 9798229059237
$20.00
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Topics covered in this book
This title contains information about the following subjects.
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Finance , Inflation , Business and Financial , Insurance companies , Insurance , Solvency , Insurance supervision
Summary
The Financial Sector Assessment Program (FSAP) conducted a focused review of insurance regulation and supervision in Austria. This Technical Note (TN) provides an update on the insurance sector and highlights risks and vulnerabilities. It analyzes key aspects of regulatory and supervisory oversight: governance; the solvency framework; supervision (micro and macro); exit from the market and resolution and group supervision and supervisory co-operation and co-ordination.2 The Financial Markets Authority (FMA) is responsible for insurance conduct and prudential supervision at both micro and macro level. The TN comments on progress in respect of the implementation of recommendations made by the 2020 FSAP and offers further recommendations to strengthen the regulatory and supervisory regime.
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