Suchergebnisse

Insurance regulation in South Africa is sound and takes a thorough approach to regulation, recognizes the scale and development of the market, and the need for effective market conduct as prudential regulation. There are particular challenges in improving standards of market conduct, in both long-term and short-term insurance. The Financial Services Board is appropriately taking the long view, and is committing itself to major overhauls both of financial requirements and on market conduct. It will require increased resources, including specialist skills, to make these projects a success

The article is devoted to the improvement of cooperation of the authorized bodies in the regulation of insurance in order to ensure the development and stability of the national insurance systems. The analysis based on the accepted international acts and proposed ways of increasing the effectiveness of supervisory cooperation. The current agreements provide for the harmonization of legislation, cooperation with international standards and regulations. However, the real harmonization is not achieved. The legal systems of the countries differ substantially. At the moment the data base created only regulations, which is not public. To ensure effective cooperation should be implemented a number of organizational measures. In particular, the creation of an working advisory structure. The interaction of the competent authorities should ensure the appropriate regulatory document, the information system, the presence of the executive. ; Статья посвящена проблеме совершенствования сотрудничества уполномоченных органов в сфере регулирования страховой деятельности в целях обеспечения развития и стабильности национальных страховых систем. На основе анализа принятых международных нормативных правовых актов предложены направления повышения эффективности сотрудничества надзорных органов. Действующие соглашения предусматривают гармонизацию законодательства, сотрудничество с учетом международных стандартов и правил. Однако реальной гармонизации не достигнуто. Законодательные системы стран существенно отличаются. На данные момент создана только база нормативных актов, которая не является общедоступной. Для обеспечения результативного сотрудничества должен быть реализован ряд организационных мероприятий. В частности, необходимо создание работающего консультативного органа. Взаимодействие уполномоченных органов должно быть обеспечено соответствующим нормативным документом, информационной системой, наличием исполнительных органов. ; Стаття присвячена проблемі вдосконалення співпраці уповноважених органів у сфері регулювання страхової діяльності з метою забезпечення розвитку та стабільності національних страхових систем . На основі аналізу прийнятих міжнародних нормативних правових актів запропоновано напрями підвищення ефективності співпраці наглядових органів. Діючі угоди передбачають гармонізацію законодавства , співпраця з урахуванням міжнародних стандартів і правил. Однак реальної гармонізації не досягнуто. Законодавчі системи країн істотно відрізняються . На дані момент створена тільки база нормативних актів , яка не є загальнодоступною . Для забезпечення результативного співробітництва має бути реалізований ряд організаційних заходів. Зокрема , необхідне створення працюючого консультативного органу. Взаємодія уповноважених органів має бути забезпечене відповідним нормативним документом , інформаційною системою , наявністю виконавчих органів.

This annual publication provides major official insurance statistics for all OECD countries, selected economies in Asia, Africa and for the first time countries belonging to the Association of Latin American Insurance Supervisors (ASSAL).It includes information on the diverse activities of the industry and on international insurance market trends. An analytical chapter including data from OECD members and selected additional economies highlights the underlying reasons for the trends in gross premium growth and claims developments between 2011 and 2012, and presents key performance indicators. The data, which are standardised as far as possible, are broken down under numerous sub-headings, and a series of indicators makes the characteristics of the national markets more readily comprehensible. This publication is an essential tool for civil servants, professionals and academics working in the insurance field. The data in this publication are also availablein database form on the OECD iLibraryunder the title OECD Insurance Statistics (http://dx.doi.org/10.1787/ins-data-en).

Detailed Assessment of Observance ; This assessment is focused on the Superintendencia de Seguros de la Nacion (SSN) in Argentina. SSN has responsibility for regulation and supervision of all players in the insurance market. In addition to its role as a supervisor, SSN has powers to issue regulations, is responsible for advising the executive on issues related to insurance, and can propose draft bills. The laws are passed by the national legislative branch and enacted by the national executive branch. The assessment was performed using the 2007 version of the core principles for insurance supervision issued by the International Association of Insurance Supervisors (IAIS). This paper is structured into following four parts: part one is information and methodology used for the assessment; part two is institutional and macro prudential setting, part three gives summary assessment; and part four gives authorities' responses.

15. Sufficiency of the Technical Reserves of Nonlife Insurers, end-FY201116. Risk Ratio Development for Nonlife Insurers; 17. Solvency Margins of Nonlife Insurers; 18. Summary of Observance of the Insurance Core Principles; G. Recommendations and the Authorities' Responses; 19. Recommendations to Improve Observance of ICPs; II. Detailed Assessment; 20. Detailed Assessment of Observance of the Insurance Core Principles

PurposeFlexible work arrangements (FWAs) are routinely offered in organizational policy, yet employee access to FWAs is highly dependent upon support from their immediate supervisor. There is little empirical research that specifically investigates the role of the human resource function (HR) in supporting managers to implement FWA policy. Through the lens of HR systems theory, the purpose of this paper is to examine how HR supports managers to implement FWAs.Design/methodology/approachUsing a case study in the Australian Insurance industry, this paper analyzes corporate documents and interviews with 47 managers, supervisors and HR staff across four diverse business units.FindingsThis study identifies supervisors' perceived ability to implement FWAs as a potential barrier to utilization. Five mechanisms of HR support to overcome perceived barriers are identified in the data. An HR system that enables managers to support FWAs requires alignment of HR policies; the provision of supportive technology; an HR structure that facilitates proactive advice and support; HR business partners with influence; and managerial training on FWAs.Practical implicationsThis paper provides HR practitioners with insights into the mechanisms that can support managers to implement FWAs or other devolved HR policies.Originality/valueApplying HR systems theory, this case study utilizes the perspectives of senior managers, supervisors and HR staff to explain how the HR function supports or constrains managers in the effective implementation of FWAs.

Market position and competitive advantage of insurers in the integrated Montenegrin insurance market, can be sustained by improving professionalism, taking into account the needs of the insured, strengthening of financial capacity with the aim that insurers accept the big risks, introducing of sophisticated insurance products, as well as by adjusting the business for competitive strategy of global market. Implementation of European insurance legislation in order to integrate Montenegrin into European insurance market is a big challenge for all insurance market subjects. Considering the size and specificity of Montenegrin insurance market, it is necessary that when creating new and changing valid legal solutions, regulator takes into account not only the deadlines for the adjustment of insurance companies' businesses with EU regulations, but also the stability of the insurance market in Montenegro. In order to establish an adequate institutional framework for integration into the European market, the Insurance Supervision Agency of Montenegro should adopt legislation in line with European Union directives and the fundamental principles of the International Association of Insurance Supervisors. By implementing the "Solvency II" project, with a proactive and adequate control of the business, the insurance companies will have to identify and evaluate the risks they are exposed, to anticipate market changes, to improve internal controls and to maintain its financial stability. All mentioned will have the positive in?uence on the future prosperity of the insurance market . ; ??????? ???????? ? ???????????? ???????? ??????????? ??????????? ?? ???????????? ??????? ?????????, ???? ?? ??????? ??????????? ???????????????, ?????????? ??????? ???????????, ??????? ???????????? ?????????? ? ???? ?????????? ??????? ??????, ???????? ?????????????? ????????? ?????????, ??? ? ?????????????? ????????? ????????????? ?????????? ????????? ???????. ?????????????? ??????? ????????? ????????????? ?? ?????? ????????? ? ???? ??????????? ??????????? ? ???????? ???????, ?????????? ?????? ?????? ?? ??? ??????? ????????. ??????? ? ???? ???????? ? ????????????? ??????????? ???????, ????????? ?? ????????? ?????, ??? ????????? ?????????? ????????? ???????, ?????? ?????? ?? ???? ? ????????? ???????? ?? ??????????? ????????? ?? ????????? ???????? ????? (??), ??? ? ? ????????? ??????????? ??????? ????????? ???? ????. ? ???? ???????????? ?????????? ???????????????? ?????? ?? ??????????? ??????? ? ??????????? ???????? ???????, ???????? ?? ?????? ????????? ???? ???? ?? ??????? ?? ?????? ???? ????????? ?? ??????????? ???????? ????? ? ???????? ?????????? ???????????? ???????? ??????????? ?????????. ??????????????? ???????? "??????????? II", ?? ?????????? ? ???????????? ???????? ?????????, ????????????? ????????? ?? ?????? ?? ???????????? ? ???????? ??? ?????? ?????? ?? ????????, ???????????? ??????? ????????, ?????? ????????? ???????? ? ????????? ????? ??????????? ??????????, ??? ?? ????????? ??????? ?? ???? ??????????? ??????? ?????????.

Higher insurance penetration and smaller infrastructure investment gaps has been correlated even after accounting for gross domestic product (GDP) levels, which indicates the insurance industry may have made some contributions to this development. Insurers have been promoting infrastructure investments as both asset owners and asset managers because this asset class makes sense from an asset liability management (ALM) viewpoint and they can leverage their asset management function. The stable and long-term cash flows of infrastructure assets naturally align with liabilities of insurers, particularly life insurers. Creating an ecosystem around infrastructure finance and different types of market players is of high importance. In a developing country where banks are already dominant in infrastructure financing and a risk-based framework for the banking sector constrains them from providing long-tenor financing, the roll-over model can work. Finally, governments and national supervisors can support infrastructure investments in several ways, including establishing a clear definition for infrastructure and compiling data, lowering capital charges on infrastructure investments (if their different treatment is evidence-based), facilitating credit enhancement mechanism and the increase of investible infrastructure projects, etc. In some cases, more clarity may be required on capital charges between infrastructure and securitized assets. Restrictions on direct investments to infrastructure can also be lifted under appropriate risk-based supervision in place unless being harmful to the interests of policyholders.