مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Persian Verion
مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

video

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

sound

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Persian Version

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

View:

1,214
مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Download:

0
مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Cites:

Information Journal Paper

Title

An Evaluation and Risk Based Supervision of Insurance Companies

Pages

  235-264

Abstract

 Objective: The purpose of this paper is to introduce the process of risk assessment of insurance companies in a risk-based Supervision system and the way to monitor it. Methodogogy: We used the KNF (2018) risk assessment framework for insurance and reinsurance companies. This comprehensive framework uses all available information held by the supervisory authority about the (re)insurance company, including information obtained as a result of actions related to the licensing, off-site analyses and control actions during on-site inspections carried out in the (re)insurance company as well as inquiries/questionnaires sent to the (re)insurance companys. Findings: The supervisory assessment focuses on significant risks and areas of operation of (re)insurance companies. Implementing this new approach requires complying the International Association of Insurance Supervisors’ (IAIS) principles, preparing risk management and actuarial reports, rating and ranking insurance companies, analyzing complaint data and separating life and non-life insurance accounts. Conclusions: An action plan is necessary to achieve effective Supervision and risk-based Supervision in the insurance industry:-The compliance of the insurance regulations with the IAIS core principles-The separation of life and non life insurance accounts-Developing actuarial standards of practice-Obliging insurance companies to prepare their Own Risk & Solvency Assessments (ORSA) empowerment to comply with the requirements of the Corporate governance (Risk Management) Regulations in accordance with IAIS principles-Use of international and general standards and supervisory and regulatory standards of enterprise risk management-preparation the report of internal controls by insurance companies.

Cites

  • No record.

    • References

  • No record.

    • Cite

    APA: Copy

    NIAKAN, LEILI, & Atatalab, Fatemeh. (2020). An Evaluation and Risk Based Supervision of Insurance Companies. IRANIAN JOURNAL OF INSURANCE RESEARCH (SANAAT-E-BIMEH), 34(4 ), 235-264. SID. https://sid.ir/paper/377917/en

    Vancouver: Copy

    NIAKAN LEILI, Atatalab Fatemeh. An Evaluation and Risk Based Supervision of Insurance Companies. IRANIAN JOURNAL OF INSURANCE RESEARCH (SANAAT-E-BIMEH)[Internet]. 2020;34(4 ):235-264. Available from: https://sid.ir/paper/377917/en

    IEEE: Copy

    LEILI NIAKAN, and Fatemeh Atatalab, “An Evaluation and Risk Based Supervision of Insurance Companies,” IRANIAN JOURNAL OF INSURANCE RESEARCH (SANAAT-E-BIMEH), vol. 34, no. 4 , pp. 235–264, 2020, [Online]. Available: https://sid.ir/paper/377917/en

    Related Journal Papers

  • No record.

    • Related Seminar Papers

  • No record.

    • Related Plans

  • No record.

    • Recommended Workshops






    Move to top
    telegram sharing button
    whatsapp sharing button
    linkedin sharing button
    twitter sharing button
    email sharing button
    email sharing button
    email sharing button
    sharethis sharing button