Isle of Man: Financial Sector Assessment Program Update: Detailed Assessment of Observance of the Insurance Core Principles

READ MORE...
Volume/Issue: Volume 2009 Issue 277
Publication date: September 2009
ISBN: 9781451818482
$20.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
English
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Finance , Corporate Governance , ISCR , CR , IPA staff , IPA supervisor , IPA authority , IPA keep , supervisory authority , corporate governance , AML compliance , life company , IPA bid , Insurance companies , Insurance , Corporate governance , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Solvency , Global , Middle East

Also of interest
Grenada
Nepal
Peru
Republic of Congo : 2001 Article IV
Summary

This paper presents a Detailed Assessment of the Isle of Man’s (IOM) observance of the Insurance Core Principles. Regulation has been strengthened since the 2003 Offshore Financial Center assessment. The Insurance and Pension Authority has been putting in place Memorandums of Understanding with home regulators and is exchanging information extensively. After rapid growth in 2005 and 2006, new business volumes and investment performance have been adversely affected by weaker global equity markets. The number of captives established in the IOM has fallen, reflecting competition from jurisdictions within the European Union.

Powered by: AIDC