Mexico : IAIS Insurance Core Principles - Detailed Assessment of Observance
This is a full assessment of the insurance regulatory and supervisory system in Mexico, to ascertain its compliance with the IAIS core principles, as a part of the Financial Sector Assessment Program (FSAP) in September 2011. This assessment was pr...
| Main Authors: | , |
|---|---|
| Format: | Financial Sector Assessment Program (FSAP) |
| Language: | English en_US |
| Published: |
World Bank, Washington, Dc
2014
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/03/18606204/mexico-international-association-insurance-supervisors-iais-insurance-core-principles-detailed-assessment-observance http://hdl.handle.net/10986/16745 |
| id |
okr-10986-16745 |
|---|---|
| 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 |
ACCOUNTING ACCOUNTING RULES ACCOUNTING STANDARDS ACTUARIES ANNUITIES ANNUITY ARBITRATION ASSET LIABILITY MATCHING ASSET QUALITY AUDIT COMMITTEE AUDITORS AUDITS BENEFICIARIES BROKER BROKERS BUSINESS REGULATION BUSINESS RISKS CAPITAL ADEQUACY CAPITAL BASE CAPITAL MARKETS CAPITAL RATIOS CAPITAL REQUIREMENT CATASTROPHES CATASTROPHIC RISKS CHECKS CODE OF CONDUCT COLLATERAL COMPENSATION COMPETITIVE MARKET COMPETITIVENESS COMPULSORY INSURANCE CONFLICT OF INTERESTS CONSUMER PRICE INDEX CONSUMER PROTECTION CONSUMERS CONTINGENCY PLANS CONTRACT LAW CORPORATE DEBT CORPORATE GOVERNANCE COVERAGE CREDIBILITY CREDIT INSURANCE CREDITWORTHINESS CURRENCY DEBT SECURITIES DEBTORS DEMOGRAPHIC DEPOSIT DEPOSIT INSURANCE DERIVATIVES DIRECT ACCESS DOMESTIC CURRENCY DUE DILIGENCE EQUITIES EQUITY FUND EQUITY INVESTMENT EXPENDITURE EXPENSE RATIO EXPORTERS EXPOSURE FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTRUMENTS FINANCIAL SAVINGS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SHOCKS FINANCIAL STABILITY FINANCIAL STATEMENTS FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN FINANCING FOREIGN INVESTMENT FRAUD FREE TRADE FREE TRADE AGREEMENT GLOBAL INSURANCE GOVERNANCE PROCEDURES GOVERNMENT BONDS GOVERNMENT PAPER GROWTH RATE GUARANTEE FUND HEALTH INSURANCE HOLDING HOLDING COMPANIES HOME COUNTRY HUMAN RESOURCES INCOME TAX INFLATION INFLATION INDEX INFORMATION DISCLOSURE INFORMATION SHARING INFORMATION SYSTEM INSPECTIONS INSTRUMENT INSURANCE INSURANCE ACTIVITY INSURANCE AGENTS INSURANCE COMPANIES INSURANCE COMPANY INSURANCE GROWTH INSURANCE INDUSTRY INSURANCE LAW INSURANCE MARKET INSURANCE PENETRATION INSURANCE POLICIES INSURANCE POLICY INSURANCE PREMIUM INSURANCE PRODUCTS INSURANCE SUPERVISION INSURANCE SUPERVISORS INSURER INSURERS INTEGRATED SUPERVISION INTEREST RATE INTEREST RATES INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL BEST PRACTICE INTERNATIONAL DEVELOPMENTS INTERNATIONAL SECURITIES INTERNATIONAL STANDARDS INTERNATIONAL SWAP INVESTING INVESTMENT FUNDS INVESTMENT IN GOVERNMENT SECURITIES INVESTMENT INCOME INVESTMENT POLICY INVESTMENT REGIME INVESTMENT STRATEGY JUDICIAL SYSTEM JURISDICTION JURISDICTIONS LEGAL PROVISIONS LIABILITY LIABILITY INSURANCE LIBERALIZATION LIFE INSURANCE LIFE INSURANCE PREMIUM LIFE INSURERS LIQUID ASSETS LIQUIDATION LIQUIDATIONS LIQUIDITY MANDATORY INVESTMENT MARKET BEHAVIOR MARKET CONDITIONS MARKET DEMAND MARKET PARTICIPANTS MARKET RISK MARKET SHARE MARKET SIZE MATURITY MICRO-INSURANCE MICROINSURANCE MINIMUM CAPITAL REQUIREMENTS MONETARY FUND MONEY LAUNDERING MORTGAGE MORTGAGE INSURANCE MOTOR INSURANCE MUTUAL FUNDS NATIONAL SAVINGS NATURAL DISASTER NONPERFORMING LOANS OPERATIONAL INDEPENDENCE OUTSOURCING OWNERSHIP STRUCTURE PENSION PENSION FUND PENSION FUNDS PENSION SYSTEM PENSIONS PORTFOLIO PORTFOLIOS PRICE CHANGE PRIVATE DEBT PRIVATE EQUITY PRIVATE INSURANCE PRIVATE SECTOR DEVELOPMENT PROGRAMS PROTECTION OF POLICYHOLDERS PRUDENTIAL REGULATION QUOTATION SYSTEM RATE OF GROWTH REAL ESTATE REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY REQUIREMENTS REINSURANCE REINSURANCE COMPANIES REINSURERS REPUTATION RESERVE RESERVES RETIREMENT SAVINGS RETURN RETURN ON ASSETS RETURNS RISK MANAGEMENT SAVINGS ACCOUNT SECURITIES SECURITIES LAWS SECURITIES MARKET SEGREGATION OF DUTIES SOCIAL SECURITY SOLVENCY SOLVENCY REQUIREMENTS STOCK EXCHANGE STOCK OPTIONS SUPERVISORY AUTHORITY SUPERVISORY FRAMEWORK SUPERVISORY SYSTEM SURETIES SURETY SYSTEMIC RISKS TAX TECHNICAL ASSISTANCE TERRORISM TRACK RECORD TRADE ASSOCIATIONS TRANSPARENCY TREATIES TREATY UNDERWRITING VALUATION WITHDRAWAL |
| spellingShingle |
ACCOUNTING ACCOUNTING RULES ACCOUNTING STANDARDS ACTUARIES ANNUITIES ANNUITY ARBITRATION ASSET LIABILITY MATCHING ASSET QUALITY AUDIT COMMITTEE AUDITORS AUDITS BENEFICIARIES BROKER BROKERS BUSINESS REGULATION BUSINESS RISKS CAPITAL ADEQUACY CAPITAL BASE CAPITAL MARKETS CAPITAL RATIOS CAPITAL REQUIREMENT CATASTROPHES CATASTROPHIC RISKS CHECKS CODE OF CONDUCT COLLATERAL COMPENSATION COMPETITIVE MARKET COMPETITIVENESS COMPULSORY INSURANCE CONFLICT OF INTERESTS CONSUMER PRICE INDEX CONSUMER PROTECTION CONSUMERS CONTINGENCY PLANS CONTRACT LAW CORPORATE DEBT CORPORATE GOVERNANCE COVERAGE CREDIBILITY CREDIT INSURANCE CREDITWORTHINESS CURRENCY DEBT SECURITIES DEBTORS DEMOGRAPHIC DEPOSIT DEPOSIT INSURANCE DERIVATIVES DIRECT ACCESS DOMESTIC CURRENCY DUE DILIGENCE EQUITIES EQUITY FUND EQUITY INVESTMENT EXPENDITURE EXPENSE RATIO EXPORTERS EXPOSURE FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTRUMENTS FINANCIAL SAVINGS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SHOCKS FINANCIAL STABILITY FINANCIAL STATEMENTS FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN FINANCING FOREIGN INVESTMENT FRAUD FREE TRADE FREE TRADE AGREEMENT GLOBAL INSURANCE GOVERNANCE PROCEDURES GOVERNMENT BONDS GOVERNMENT PAPER GROWTH RATE GUARANTEE FUND HEALTH INSURANCE HOLDING HOLDING COMPANIES HOME COUNTRY HUMAN RESOURCES INCOME TAX INFLATION INFLATION INDEX INFORMATION DISCLOSURE INFORMATION SHARING INFORMATION SYSTEM INSPECTIONS INSTRUMENT INSURANCE INSURANCE ACTIVITY INSURANCE AGENTS INSURANCE COMPANIES INSURANCE COMPANY INSURANCE GROWTH INSURANCE INDUSTRY INSURANCE LAW INSURANCE MARKET INSURANCE PENETRATION INSURANCE POLICIES INSURANCE POLICY INSURANCE PREMIUM INSURANCE PRODUCTS INSURANCE SUPERVISION INSURANCE SUPERVISORS INSURER INSURERS INTEGRATED SUPERVISION INTEREST RATE INTEREST RATES INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL BEST PRACTICE INTERNATIONAL DEVELOPMENTS INTERNATIONAL SECURITIES INTERNATIONAL STANDARDS INTERNATIONAL SWAP INVESTING INVESTMENT FUNDS INVESTMENT IN GOVERNMENT SECURITIES INVESTMENT INCOME INVESTMENT POLICY INVESTMENT REGIME INVESTMENT STRATEGY JUDICIAL SYSTEM JURISDICTION JURISDICTIONS LEGAL PROVISIONS LIABILITY LIABILITY INSURANCE LIBERALIZATION LIFE INSURANCE LIFE INSURANCE PREMIUM LIFE INSURERS LIQUID ASSETS LIQUIDATION LIQUIDATIONS LIQUIDITY MANDATORY INVESTMENT MARKET BEHAVIOR MARKET CONDITIONS MARKET DEMAND MARKET PARTICIPANTS MARKET RISK MARKET SHARE MARKET SIZE MATURITY MICRO-INSURANCE MICROINSURANCE MINIMUM CAPITAL REQUIREMENTS MONETARY FUND MONEY LAUNDERING MORTGAGE MORTGAGE INSURANCE MOTOR INSURANCE MUTUAL FUNDS NATIONAL SAVINGS NATURAL DISASTER NONPERFORMING LOANS OPERATIONAL INDEPENDENCE OUTSOURCING OWNERSHIP STRUCTURE PENSION PENSION FUND PENSION FUNDS PENSION SYSTEM PENSIONS PORTFOLIO PORTFOLIOS PRICE CHANGE PRIVATE DEBT PRIVATE EQUITY PRIVATE INSURANCE PRIVATE SECTOR DEVELOPMENT PROGRAMS PROTECTION OF POLICYHOLDERS PRUDENTIAL REGULATION QUOTATION SYSTEM RATE OF GROWTH REAL ESTATE REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY REQUIREMENTS REINSURANCE REINSURANCE COMPANIES REINSURERS REPUTATION RESERVE RESERVES RETIREMENT SAVINGS RETURN RETURN ON ASSETS RETURNS RISK MANAGEMENT SAVINGS ACCOUNT SECURITIES SECURITIES LAWS SECURITIES MARKET SEGREGATION OF DUTIES SOCIAL SECURITY SOLVENCY SOLVENCY REQUIREMENTS STOCK EXCHANGE STOCK OPTIONS SUPERVISORY AUTHORITY SUPERVISORY FRAMEWORK SUPERVISORY SYSTEM SURETIES SURETY SYSTEMIC RISKS TAX TECHNICAL ASSISTANCE TERRORISM TRACK RECORD TRADE ASSOCIATIONS TRANSPARENCY TREATIES TREATY UNDERWRITING VALUATION WITHDRAWAL International Monetary Fund World Bank Mexico : IAIS Insurance Core Principles - Detailed Assessment of Observance |
| geographic_facet |
Latin America & Caribbean Mexico |
| description |
This is a full assessment of the
insurance regulatory and supervisory system in Mexico, to
ascertain its compliance with the IAIS core principles, as a
part of the Financial Sector Assessment Program (FSAP) in
September 2011. This assessment was produced in the course
of a joint International Monetary Fund (IMF), World Bank
mission in Mexico to conduct an update of the IAIS
principles under the FSAP. The recommendations after
conclusion of the assessment include developing and
implementing a comprehensive plan to increase insurance
penetration; ensuring the operational independence and
continuity of the Insurance and Surety National Commission
(CNSF); confirming that the supervisory authority has full
discretion on resource allocation, in accordance to its
mandate, objectives, and the perceived risks; establishing
an implementation plan on the solvency regime; and
revisiting the arbitration mechanism. This document presents
a detailed assessment with regard to the twenty-eight IAIS
principles, examining the system in context of each principle. |
| 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 |
Mexico : IAIS Insurance Core Principles - Detailed Assessment of Observance |
| title_short |
Mexico : IAIS Insurance Core Principles - Detailed Assessment of Observance |
| title_full |
Mexico : IAIS Insurance Core Principles - Detailed Assessment of Observance |
| title_fullStr |
Mexico : IAIS Insurance Core Principles - Detailed Assessment of Observance |
| title_full_unstemmed |
Mexico : IAIS Insurance Core Principles - Detailed Assessment of Observance |
| title_sort |
mexico : iais insurance core principles - detailed assessment of observance |
| publisher |
World Bank, Washington, Dc |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2013/03/18606204/mexico-international-association-insurance-supervisors-iais-insurance-core-principles-detailed-assessment-observance http://hdl.handle.net/10986/16745 |
| _version_ |
1764434595896360960 |
| spelling |
okr-10986-167452021-04-23T14:03:32Z Mexico : IAIS Insurance Core Principles - Detailed Assessment of Observance International Monetary Fund World Bank ACCOUNTING ACCOUNTING RULES ACCOUNTING STANDARDS ACTUARIES ANNUITIES ANNUITY ARBITRATION ASSET LIABILITY MATCHING ASSET QUALITY AUDIT COMMITTEE AUDITORS AUDITS BENEFICIARIES BROKER BROKERS BUSINESS REGULATION BUSINESS RISKS CAPITAL ADEQUACY CAPITAL BASE CAPITAL MARKETS CAPITAL RATIOS CAPITAL REQUIREMENT CATASTROPHES CATASTROPHIC RISKS CHECKS CODE OF CONDUCT COLLATERAL COMPENSATION COMPETITIVE MARKET COMPETITIVENESS COMPULSORY INSURANCE CONFLICT OF INTERESTS CONSUMER PRICE INDEX CONSUMER PROTECTION CONSUMERS CONTINGENCY PLANS CONTRACT LAW CORPORATE DEBT CORPORATE GOVERNANCE COVERAGE CREDIBILITY CREDIT INSURANCE CREDITWORTHINESS CURRENCY DEBT SECURITIES DEBTORS DEMOGRAPHIC DEPOSIT DEPOSIT INSURANCE DERIVATIVES DIRECT ACCESS DOMESTIC CURRENCY DUE DILIGENCE EQUITIES EQUITY FUND EQUITY INVESTMENT EXPENDITURE EXPENSE RATIO EXPORTERS EXPOSURE FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTRUMENTS FINANCIAL SAVINGS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SHOCKS FINANCIAL STABILITY FINANCIAL STATEMENTS FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN FINANCING FOREIGN INVESTMENT FRAUD FREE TRADE FREE TRADE AGREEMENT GLOBAL INSURANCE GOVERNANCE PROCEDURES GOVERNMENT BONDS GOVERNMENT PAPER GROWTH RATE GUARANTEE FUND HEALTH INSURANCE HOLDING HOLDING COMPANIES HOME COUNTRY HUMAN RESOURCES INCOME TAX INFLATION INFLATION INDEX INFORMATION DISCLOSURE INFORMATION SHARING INFORMATION SYSTEM INSPECTIONS INSTRUMENT INSURANCE INSURANCE ACTIVITY INSURANCE AGENTS INSURANCE COMPANIES INSURANCE COMPANY INSURANCE GROWTH INSURANCE INDUSTRY INSURANCE LAW INSURANCE MARKET INSURANCE PENETRATION INSURANCE POLICIES INSURANCE POLICY INSURANCE PREMIUM INSURANCE PRODUCTS INSURANCE SUPERVISION INSURANCE SUPERVISORS INSURER INSURERS INTEGRATED SUPERVISION INTEREST RATE INTEREST RATES INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL BEST PRACTICE INTERNATIONAL DEVELOPMENTS INTERNATIONAL SECURITIES INTERNATIONAL STANDARDS INTERNATIONAL SWAP INVESTING INVESTMENT FUNDS INVESTMENT IN GOVERNMENT SECURITIES INVESTMENT INCOME INVESTMENT POLICY INVESTMENT REGIME INVESTMENT STRATEGY JUDICIAL SYSTEM JURISDICTION JURISDICTIONS LEGAL PROVISIONS LIABILITY LIABILITY INSURANCE LIBERALIZATION LIFE INSURANCE LIFE INSURANCE PREMIUM LIFE INSURERS LIQUID ASSETS LIQUIDATION LIQUIDATIONS LIQUIDITY MANDATORY INVESTMENT MARKET BEHAVIOR MARKET CONDITIONS MARKET DEMAND MARKET PARTICIPANTS MARKET RISK MARKET SHARE MARKET SIZE MATURITY MICRO-INSURANCE MICROINSURANCE MINIMUM CAPITAL REQUIREMENTS MONETARY FUND MONEY LAUNDERING MORTGAGE MORTGAGE INSURANCE MOTOR INSURANCE MUTUAL FUNDS NATIONAL SAVINGS NATURAL DISASTER NONPERFORMING LOANS OPERATIONAL INDEPENDENCE OUTSOURCING OWNERSHIP STRUCTURE PENSION PENSION FUND PENSION FUNDS PENSION SYSTEM PENSIONS PORTFOLIO PORTFOLIOS PRICE CHANGE PRIVATE DEBT PRIVATE EQUITY PRIVATE INSURANCE PRIVATE SECTOR DEVELOPMENT PROGRAMS PROTECTION OF POLICYHOLDERS PRUDENTIAL REGULATION QUOTATION SYSTEM RATE OF GROWTH REAL ESTATE REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY REQUIREMENTS REINSURANCE REINSURANCE COMPANIES REINSURERS REPUTATION RESERVE RESERVES RETIREMENT SAVINGS RETURN RETURN ON ASSETS RETURNS RISK MANAGEMENT SAVINGS ACCOUNT SECURITIES SECURITIES LAWS SECURITIES MARKET SEGREGATION OF DUTIES SOCIAL SECURITY SOLVENCY SOLVENCY REQUIREMENTS STOCK EXCHANGE STOCK OPTIONS SUPERVISORY AUTHORITY SUPERVISORY FRAMEWORK SUPERVISORY SYSTEM SURETIES SURETY SYSTEMIC RISKS TAX TECHNICAL ASSISTANCE TERRORISM TRACK RECORD TRADE ASSOCIATIONS TRANSPARENCY TREATIES TREATY UNDERWRITING VALUATION WITHDRAWAL This is a full assessment of the insurance regulatory and supervisory system in Mexico, to ascertain its compliance with the IAIS core principles, as a part of the Financial Sector Assessment Program (FSAP) in September 2011. This assessment was produced in the course of a joint International Monetary Fund (IMF), World Bank mission in Mexico to conduct an update of the IAIS principles under the FSAP. The recommendations after conclusion of the assessment include developing and implementing a comprehensive plan to increase insurance penetration; ensuring the operational independence and continuity of the Insurance and Surety National Commission (CNSF); confirming that the supervisory authority has full discretion on resource allocation, in accordance to its mandate, objectives, and the perceived risks; establishing an implementation plan on the solvency regime; and revisiting the arbitration mechanism. This document presents a detailed assessment with regard to the twenty-eight IAIS principles, examining the system in context of each principle. 2014-01-30T19:48:40Z 2014-01-30T19:48:40Z 2013-03 http://documents.worldbank.org/curated/en/2013/03/18606204/mexico-international-association-insurance-supervisors-iais-insurance-core-principles-detailed-assessment-observance http://hdl.handle.net/10986/16745 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 Mexico |