Financial Sector Assessment Program : Brazil - IAIS Insurance Core Principles

This report is a full assessment of Brazil's compliance with the Insurance Core Principles (ICPs) of the International Association of Insurance Supervisors (IAIS), as adopted in October 2011. Regulation and supervision of the insurance industr...

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Main Authors:	International Monetary Fund, World Bank
Format:	Financial Sector Assessment Program (FSAP)
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	ACCESS TO INSURANCE ACCOUNTING ACTUARIES ANNUITY AUDITORS AUDITS BALANCE SHEET BANK DEPOSITS BANKRUPTCY BENEFICIARIES BENEFICIARY BROKER BROKERS BUDGET CONSTRAINTS CAPITAL ADEQUACY CAPITAL MARKETS CAPITAL REQUIREMENTS CAPITALIZATION CEDANTS CENTRAL BANK CIVIL CODE CIVIL LAW CODE OF CONDUCT COLLATERAL COLLATERALS COMMISSIONS CONFIDENTIALITY CONFLICT OF INTEREST CONFLICT OF INTERESTS CONSUMER EDUCATION CONSUMER PROTECTION CONSUMERS CONTRACTUAL RIGHTS CORPORATE GOVERNANCE CORPORATE GOVERNANCE REGIME CREDIT AVAILABILITY CREDIT EXPANSION CREDIT EXPOSURES CREDIT RISK CREDIT RISKS CROSS-BORDER COOPERATION CURRENCY CURRENCY MATCHING DISCLOSURE REQUIREMENTS DOMESTIC MARKET EXPOSURE FINANCIAL INFORMATION FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL STABILITY FINANCIAL SYSTEM FIXED INCOME FIXED INCOME INVESTMENT FIXED INCOME INVESTMENTS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN FIRMS FOREIGN INSURERS FOREIGN INVESTMENT FOREIGN INVESTMENTS FRAUD GOVERNMENT BONDS GOVERNMENT POLICIES GROSS DOMESTIC PRODUCT HEALTH INSURANCE HOLDING INCOME INSTRUMENTS INFORMATION DISCLOSURE INFORMATION SHARING INSOLVENT INSURERS INSPECTIONS INSTRUMENT INSURANCE INSURANCE ACTIVITIES INSURANCE ACTIVITY INSURANCE BROKERS INSURANCE COMPANIES INSURANCE FRAUD INSURANCE INDUSTRY INSURANCE LAW INSURANCE MARKET INSURANCE PENETRATION INSURANCE POLICIES INSURANCE POLICY INSURANCE PREMIUM INSURANCE PREMIUMS INSURANCE PRODUCT INSURANCE PRODUCTS INSURANCE SUPERVISION INSURANCE SUPERVISORS INSURANCES INSURER INTANGIBLE INTANGIBLE ASSETS INTEGRITY INTERNAL AUDIT INTERNAL CONTROLS INTERNATIONAL BANK INTERNATIONAL INSURANCE INTERNATIONAL MARKET INTERNATIONAL STANDARDS INVESTMENT FUNDS INVESTMENT INCOME INVESTMENT INSTRUMENTS INVESTMENT POLICY INVESTMENT REQUIREMENTS INVESTMENT STRATEGIES JOINT VENTURE JOINT VENTURES JUDICIAL SYSTEM JURISDICTION JURISDICTIONS LAWS LEGAL FRAMEWORK LEGAL PROTECTION LEGAL PROVISIONS LEGAL SYSTEM LIABILITY LIBERALIZATION LIEN LIFE INSURANCE LIFE INSURERS LIQUIDATION LIQUIDITY LONG TERM ASSETS LONG TERM LIABILITIES LONG TERM SAVING LONG TERM SAVINGS MARKET DATA MARKET DEVELOPMENT MARKET DEVELOPMENTS MARKET DOMINANCE MARKET PARTICIPANTS MARKET SHARE MARKET STRUCTURE MICROINSURANCE MONETARY FUND MONEY LAUNDERING MORTGAGE MORTGAGES MOTOR INSURANCE NON-LIFE INSURANCE OPERATIONAL INDEPENDENCE OPERATIONAL RISK PENSION PENSION FUND PENSION FUNDS PENSION PLANS PENSIONS POLICYHOLDERS PORTFOLIO POTENTIAL LIABILITY PRIVATE INSURANCE PRIVATE PENSION PRIVATE SECTOR DEVELOPMENT PROFESSIONAL LIABILITY PROFESSIONAL LIABILITY INSURANCE PROFITABILITY PROGRAMS PROTECTION OF POLICYHOLDERS REAL ESTATE RECIPROCITY RECOVERABLES REGULATION OF INSURANCE REGULATOR REGULATORS REGULATORY AUTHORITY REGULATORY FRAMEWORK REGULATORY REQUIREMENTS REINSURANCE REINSURANCE BROKER REINSURANCE CONTRACT REINSURANCE CONTRACTS REINSURANCE CREDIT REINSURERS RESERVES RETURN RISK CAPITAL RISK CONTROL RISK EXPOSURES RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK PROFILE RISK TRANSFER SECURITIES SELF REGULATION SELF-REGULATION SETTLEMENT SETTLEMENT OF CASES SOCIAL SECURITY SOLVENCY SOLVENCY REQUIREMENTS STRONG GOVERNANCE SUPERVISORY AGENCIES SUPERVISORY AUTHORITY SUPERVISORY REGIME SURETY TAX TAX BENEFITS TAX CODE TAX INCENTIVES TECHNICAL ASSISTANCE TERRORISM TRANSACTION TRANSPARENCY UNDERLYING ASSETS UNDERWRITING VALUATION VALUATIONS WARRANTS
Online Access:	http://documents.worldbank.org/curated/en/2012/06/18170275/brazil-financial-sector-assessment-program http://hdl.handle.net/10986/15974

id	okr-10986-15974
recordtype	oai_dc
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCESS TO INSURANCE ACCOUNTING ACTUARIES ANNUITY AUDITORS AUDITS BALANCE SHEET BANK DEPOSITS BANKRUPTCY BENEFICIARIES BENEFICIARY BROKER BROKERS BUDGET CONSTRAINTS CAPITAL ADEQUACY CAPITAL MARKETS CAPITAL REQUIREMENTS CAPITALIZATION CEDANTS CENTRAL BANK CIVIL CODE CIVIL LAW CODE OF CONDUCT COLLATERAL COLLATERALS COMMISSIONS CONFIDENTIALITY CONFLICT OF INTEREST CONFLICT OF INTERESTS CONSUMER EDUCATION CONSUMER PROTECTION CONSUMERS CONTRACTUAL RIGHTS CORPORATE GOVERNANCE CORPORATE GOVERNANCE REGIME CREDIT AVAILABILITY CREDIT EXPANSION CREDIT EXPOSURES CREDIT RISK CREDIT RISKS CROSS-BORDER COOPERATION CURRENCY CURRENCY MATCHING DISCLOSURE REQUIREMENTS DOMESTIC MARKET EXPOSURE FINANCIAL INFORMATION FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL STABILITY FINANCIAL SYSTEM FIXED INCOME FIXED INCOME INVESTMENT FIXED INCOME INVESTMENTS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN FIRMS FOREIGN INSURERS FOREIGN INVESTMENT FOREIGN INVESTMENTS FRAUD GOVERNMENT BONDS GOVERNMENT POLICIES GROSS DOMESTIC PRODUCT HEALTH INSURANCE HOLDING INCOME INSTRUMENTS INFORMATION DISCLOSURE INFORMATION SHARING INSOLVENT INSURERS INSPECTIONS INSTRUMENT INSURANCE INSURANCE ACTIVITIES INSURANCE ACTIVITY INSURANCE BROKERS INSURANCE COMPANIES INSURANCE FRAUD INSURANCE INDUSTRY INSURANCE LAW INSURANCE MARKET INSURANCE PENETRATION INSURANCE POLICIES INSURANCE POLICY INSURANCE PREMIUM INSURANCE PREMIUMS INSURANCE PRODUCT INSURANCE PRODUCTS INSURANCE SUPERVISION INSURANCE SUPERVISORS INSURANCES INSURER INTANGIBLE INTANGIBLE ASSETS INTEGRITY INTERNAL AUDIT INTERNAL CONTROLS INTERNATIONAL BANK INTERNATIONAL INSURANCE INTERNATIONAL MARKET INTERNATIONAL STANDARDS INVESTMENT FUNDS INVESTMENT INCOME INVESTMENT INSTRUMENTS INVESTMENT POLICY INVESTMENT REQUIREMENTS INVESTMENT STRATEGIES JOINT VENTURE JOINT VENTURES JUDICIAL SYSTEM JURISDICTION JURISDICTIONS LAWS LEGAL FRAMEWORK LEGAL PROTECTION LEGAL PROVISIONS LEGAL SYSTEM LIABILITY LIBERALIZATION LIEN LIFE INSURANCE LIFE INSURERS LIQUIDATION LIQUIDITY LONG TERM ASSETS LONG TERM LIABILITIES LONG TERM SAVING LONG TERM SAVINGS MARKET DATA MARKET DEVELOPMENT MARKET DEVELOPMENTS MARKET DOMINANCE MARKET PARTICIPANTS MARKET SHARE MARKET STRUCTURE MICROINSURANCE MONETARY FUND MONEY LAUNDERING MORTGAGE MORTGAGES MOTOR INSURANCE NON-LIFE INSURANCE OPERATIONAL INDEPENDENCE OPERATIONAL RISK PENSION PENSION FUND PENSION FUNDS PENSION PLANS PENSIONS POLICYHOLDERS PORTFOLIO POTENTIAL LIABILITY PRIVATE INSURANCE PRIVATE PENSION PRIVATE SECTOR DEVELOPMENT PROFESSIONAL LIABILITY PROFESSIONAL LIABILITY INSURANCE PROFITABILITY PROGRAMS PROTECTION OF POLICYHOLDERS REAL ESTATE RECIPROCITY RECOVERABLES REGULATION OF INSURANCE REGULATOR REGULATORS REGULATORY AUTHORITY REGULATORY FRAMEWORK REGULATORY REQUIREMENTS REINSURANCE REINSURANCE BROKER REINSURANCE CONTRACT REINSURANCE CONTRACTS REINSURANCE CREDIT REINSURERS RESERVES RETURN RISK CAPITAL RISK CONTROL RISK EXPOSURES RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK PROFILE RISK TRANSFER SECURITIES SELF REGULATION SELF-REGULATION SETTLEMENT SETTLEMENT OF CASES SOCIAL SECURITY SOLVENCY SOLVENCY REQUIREMENTS STRONG GOVERNANCE SUPERVISORY AGENCIES SUPERVISORY AUTHORITY SUPERVISORY REGIME SURETY TAX TAX BENEFITS TAX CODE TAX INCENTIVES TECHNICAL ASSISTANCE TERRORISM TRANSACTION TRANSPARENCY UNDERLYING ASSETS UNDERWRITING VALUATION VALUATIONS WARRANTS
spellingShingle	ACCESS TO INSURANCE ACCOUNTING ACTUARIES ANNUITY AUDITORS AUDITS BALANCE SHEET BANK DEPOSITS BANKRUPTCY BENEFICIARIES BENEFICIARY BROKER BROKERS BUDGET CONSTRAINTS CAPITAL ADEQUACY CAPITAL MARKETS CAPITAL REQUIREMENTS CAPITALIZATION CEDANTS CENTRAL BANK CIVIL CODE CIVIL LAW CODE OF CONDUCT COLLATERAL COLLATERALS COMMISSIONS CONFIDENTIALITY CONFLICT OF INTEREST CONFLICT OF INTERESTS CONSUMER EDUCATION CONSUMER PROTECTION CONSUMERS CONTRACTUAL RIGHTS CORPORATE GOVERNANCE CORPORATE GOVERNANCE REGIME CREDIT AVAILABILITY CREDIT EXPANSION CREDIT EXPOSURES CREDIT RISK CREDIT RISKS CROSS-BORDER COOPERATION CURRENCY CURRENCY MATCHING DISCLOSURE REQUIREMENTS DOMESTIC MARKET EXPOSURE FINANCIAL INFORMATION FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL STABILITY FINANCIAL SYSTEM FIXED INCOME FIXED INCOME INVESTMENT FIXED INCOME INVESTMENTS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN FIRMS FOREIGN INSURERS FOREIGN INVESTMENT FOREIGN INVESTMENTS FRAUD GOVERNMENT BONDS GOVERNMENT POLICIES GROSS DOMESTIC PRODUCT HEALTH INSURANCE HOLDING INCOME INSTRUMENTS INFORMATION DISCLOSURE INFORMATION SHARING INSOLVENT INSURERS INSPECTIONS INSTRUMENT INSURANCE INSURANCE ACTIVITIES INSURANCE ACTIVITY INSURANCE BROKERS INSURANCE COMPANIES INSURANCE FRAUD INSURANCE INDUSTRY INSURANCE LAW INSURANCE MARKET INSURANCE PENETRATION INSURANCE POLICIES INSURANCE POLICY INSURANCE PREMIUM INSURANCE PREMIUMS INSURANCE PRODUCT INSURANCE PRODUCTS INSURANCE SUPERVISION INSURANCE SUPERVISORS INSURANCES INSURER INTANGIBLE INTANGIBLE ASSETS INTEGRITY INTERNAL AUDIT INTERNAL CONTROLS INTERNATIONAL BANK INTERNATIONAL INSURANCE INTERNATIONAL MARKET INTERNATIONAL STANDARDS INVESTMENT FUNDS INVESTMENT INCOME INVESTMENT INSTRUMENTS INVESTMENT POLICY INVESTMENT REQUIREMENTS INVESTMENT STRATEGIES JOINT VENTURE JOINT VENTURES JUDICIAL SYSTEM JURISDICTION JURISDICTIONS LAWS LEGAL FRAMEWORK LEGAL PROTECTION LEGAL PROVISIONS LEGAL SYSTEM LIABILITY LIBERALIZATION LIEN LIFE INSURANCE LIFE INSURERS LIQUIDATION LIQUIDITY LONG TERM ASSETS LONG TERM LIABILITIES LONG TERM SAVING LONG TERM SAVINGS MARKET DATA MARKET DEVELOPMENT MARKET DEVELOPMENTS MARKET DOMINANCE MARKET PARTICIPANTS MARKET SHARE MARKET STRUCTURE MICROINSURANCE MONETARY FUND MONEY LAUNDERING MORTGAGE MORTGAGES MOTOR INSURANCE NON-LIFE INSURANCE OPERATIONAL INDEPENDENCE OPERATIONAL RISK PENSION PENSION FUND PENSION FUNDS PENSION PLANS PENSIONS POLICYHOLDERS PORTFOLIO POTENTIAL LIABILITY PRIVATE INSURANCE PRIVATE PENSION PRIVATE SECTOR DEVELOPMENT PROFESSIONAL LIABILITY PROFESSIONAL LIABILITY INSURANCE PROFITABILITY PROGRAMS PROTECTION OF POLICYHOLDERS REAL ESTATE RECIPROCITY RECOVERABLES REGULATION OF INSURANCE REGULATOR REGULATORS REGULATORY AUTHORITY REGULATORY FRAMEWORK REGULATORY REQUIREMENTS REINSURANCE REINSURANCE BROKER REINSURANCE CONTRACT REINSURANCE CONTRACTS REINSURANCE CREDIT REINSURERS RESERVES RETURN RISK CAPITAL RISK CONTROL RISK EXPOSURES RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK PROFILE RISK TRANSFER SECURITIES SELF REGULATION SELF-REGULATION SETTLEMENT SETTLEMENT OF CASES SOCIAL SECURITY SOLVENCY SOLVENCY REQUIREMENTS STRONG GOVERNANCE SUPERVISORY AGENCIES SUPERVISORY AUTHORITY SUPERVISORY REGIME SURETY TAX TAX BENEFITS TAX CODE TAX INCENTIVES TECHNICAL ASSISTANCE TERRORISM TRANSACTION TRANSPARENCY UNDERLYING ASSETS UNDERWRITING VALUATION VALUATIONS WARRANTS International Monetary Fund World Bank Financial Sector Assessment Program : Brazil - IAIS Insurance Core Principles
geographic_facet	Latin America & Caribbean Brazil
description	This report is a full assessment of Brazil's compliance with the Insurance Core Principles (ICPs) of the International Association of Insurance Supervisors (IAIS), as adopted in October 2011. Regulation and supervision of the insurance industry in Brazil is largely the responsibility of the National Council for Private Insurance (CNSP) and the Superintendency of Private Insurance (SUSEP). The assessment is based solely on the laws, regulations, and other supervisory requirements and practices that were in place at the time of assessment. Brazil is one of the first jurisdictions to be assessed under the 2011 version of the ICPs. In the last few years the insurance industry experienced an explosive growth doubling the premium between 2005 and 2010 however, growth potential remains significant. Investments by the insurance sector are conservative and short term, primarily comprising fixed income instruments. Currently around 88 percent of the insurance business is sold by around 70 thousand active brokers, but the supervision and disclosure requirements are thin.
format	Economic & Sector Work :: Financial Sector Assessment Program (FSAP)
author	International Monetary Fund World Bank
author_facet	International Monetary Fund World Bank
author_sort	International Monetary Fund
title	Financial Sector Assessment Program : Brazil - IAIS Insurance Core Principles
title_short	Financial Sector Assessment Program : Brazil - IAIS Insurance Core Principles
title_full	Financial Sector Assessment Program : Brazil - IAIS Insurance Core Principles
title_fullStr	Financial Sector Assessment Program : Brazil - IAIS Insurance Core Principles
title_full_unstemmed	Financial Sector Assessment Program : Brazil - IAIS Insurance Core Principles
title_sort	financial sector assessment program : brazil - iais insurance core principles
publisher	World Bank, Washington, DC
publishDate	2013
url	http://documents.worldbank.org/curated/en/2012/06/18170275/brazil-financial-sector-assessment-program http://hdl.handle.net/10986/15974
_version_	1764431755705581568
spelling	okr-10986-159742021-04-23T14:03:23Z Financial Sector Assessment Program : Brazil - IAIS Insurance Core Principles International Monetary Fund World Bank ACCESS TO INSURANCE ACCOUNTING ACTUARIES ANNUITY AUDITORS AUDITS BALANCE SHEET BANK DEPOSITS BANKRUPTCY BENEFICIARIES BENEFICIARY BROKER BROKERS BUDGET CONSTRAINTS CAPITAL ADEQUACY CAPITAL MARKETS CAPITAL REQUIREMENTS CAPITALIZATION CEDANTS CENTRAL BANK CIVIL CODE CIVIL LAW CODE OF CONDUCT COLLATERAL COLLATERALS COMMISSIONS CONFIDENTIALITY CONFLICT OF INTEREST CONFLICT OF INTERESTS CONSUMER EDUCATION CONSUMER PROTECTION CONSUMERS CONTRACTUAL RIGHTS CORPORATE GOVERNANCE CORPORATE GOVERNANCE REGIME CREDIT AVAILABILITY CREDIT EXPANSION CREDIT EXPOSURES CREDIT RISK CREDIT RISKS CROSS-BORDER COOPERATION CURRENCY CURRENCY MATCHING DISCLOSURE REQUIREMENTS DOMESTIC MARKET EXPOSURE FINANCIAL INFORMATION FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL STABILITY FINANCIAL SYSTEM FIXED INCOME FIXED INCOME INVESTMENT FIXED INCOME INVESTMENTS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN FIRMS FOREIGN INSURERS FOREIGN INVESTMENT FOREIGN INVESTMENTS FRAUD GOVERNMENT BONDS GOVERNMENT POLICIES GROSS DOMESTIC PRODUCT HEALTH INSURANCE HOLDING INCOME INSTRUMENTS INFORMATION DISCLOSURE INFORMATION SHARING INSOLVENT INSURERS INSPECTIONS INSTRUMENT INSURANCE INSURANCE ACTIVITIES INSURANCE ACTIVITY INSURANCE BROKERS INSURANCE COMPANIES INSURANCE FRAUD INSURANCE INDUSTRY INSURANCE LAW INSURANCE MARKET INSURANCE PENETRATION INSURANCE POLICIES INSURANCE POLICY INSURANCE PREMIUM INSURANCE PREMIUMS INSURANCE PRODUCT INSURANCE PRODUCTS INSURANCE SUPERVISION INSURANCE SUPERVISORS INSURANCES INSURER INTANGIBLE INTANGIBLE ASSETS INTEGRITY INTERNAL AUDIT INTERNAL CONTROLS INTERNATIONAL BANK INTERNATIONAL INSURANCE INTERNATIONAL MARKET INTERNATIONAL STANDARDS INVESTMENT FUNDS INVESTMENT INCOME INVESTMENT INSTRUMENTS INVESTMENT POLICY INVESTMENT REQUIREMENTS INVESTMENT STRATEGIES JOINT VENTURE JOINT VENTURES JUDICIAL SYSTEM JURISDICTION JURISDICTIONS LAWS LEGAL FRAMEWORK LEGAL PROTECTION LEGAL PROVISIONS LEGAL SYSTEM LIABILITY LIBERALIZATION LIEN LIFE INSURANCE LIFE INSURERS LIQUIDATION LIQUIDITY LONG TERM ASSETS LONG TERM LIABILITIES LONG TERM SAVING LONG TERM SAVINGS MARKET DATA MARKET DEVELOPMENT MARKET DEVELOPMENTS MARKET DOMINANCE MARKET PARTICIPANTS MARKET SHARE MARKET STRUCTURE MICROINSURANCE MONETARY FUND MONEY LAUNDERING MORTGAGE MORTGAGES MOTOR INSURANCE NON-LIFE INSURANCE OPERATIONAL INDEPENDENCE OPERATIONAL RISK PENSION PENSION FUND PENSION FUNDS PENSION PLANS PENSIONS POLICYHOLDERS PORTFOLIO POTENTIAL LIABILITY PRIVATE INSURANCE PRIVATE PENSION PRIVATE SECTOR DEVELOPMENT PROFESSIONAL LIABILITY PROFESSIONAL LIABILITY INSURANCE PROFITABILITY PROGRAMS PROTECTION OF POLICYHOLDERS REAL ESTATE RECIPROCITY RECOVERABLES REGULATION OF INSURANCE REGULATOR REGULATORS REGULATORY AUTHORITY REGULATORY FRAMEWORK REGULATORY REQUIREMENTS REINSURANCE REINSURANCE BROKER REINSURANCE CONTRACT REINSURANCE CONTRACTS REINSURANCE CREDIT REINSURERS RESERVES RETURN RISK CAPITAL RISK CONTROL RISK EXPOSURES RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK PROFILE RISK TRANSFER SECURITIES SELF REGULATION SELF-REGULATION SETTLEMENT SETTLEMENT OF CASES SOCIAL SECURITY SOLVENCY SOLVENCY REQUIREMENTS STRONG GOVERNANCE SUPERVISORY AGENCIES SUPERVISORY AUTHORITY SUPERVISORY REGIME SURETY TAX TAX BENEFITS TAX CODE TAX INCENTIVES TECHNICAL ASSISTANCE TERRORISM TRANSACTION TRANSPARENCY UNDERLYING ASSETS UNDERWRITING VALUATION VALUATIONS WARRANTS This report is a full assessment of Brazil's compliance with the Insurance Core Principles (ICPs) of the International Association of Insurance Supervisors (IAIS), as adopted in October 2011. Regulation and supervision of the insurance industry in Brazil is largely the responsibility of the National Council for Private Insurance (CNSP) and the Superintendency of Private Insurance (SUSEP). The assessment is based solely on the laws, regulations, and other supervisory requirements and practices that were in place at the time of assessment. Brazil is one of the first jurisdictions to be assessed under the 2011 version of the ICPs. In the last few years the insurance industry experienced an explosive growth doubling the premium between 2005 and 2010 however, growth potential remains significant. Investments by the insurance sector are conservative and short term, primarily comprising fixed income instruments. Currently around 88 percent of the insurance business is sold by around 70 thousand active brokers, but the supervision and disclosure requirements are thin. 2013-10-01T18:22:15Z 2013-10-01T18:22:15Z 2012-06 http://documents.worldbank.org/curated/en/2012/06/18170275/brazil-financial-sector-assessment-program http://hdl.handle.net/10986/15974 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work :: Financial Sector Assessment Program (FSAP) Economic & Sector Work Latin America & Caribbean Brazil

Financial Sector Assessment Program : Brazil - IAIS Insurance Core Principles

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