Republic of Poland : Insurance Core Principles, Detailed Assessment of Observance
This assessment is focused on the Komisja Nadzoru Finansowego (KNF, the financial supervisory commission), specifically on its supervision of the insurance sector. KNF has responsibility for licensing and supervising all players in the insurance ma...
| Main Authors: | , |
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| Format: | Financial Sector Assessment Program (FSAP) |
| Language: | English en_US |
| Published: |
Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2012/11/18862279/poland-insurance-core-principles-detailed-assessment-observance http://hdl.handle.net/10986/17356 |
| Summary: | This assessment is focused on the
Komisja Nadzoru Finansowego (KNF, the financial supervisory
commission), specifically on its supervision of the
insurance sector. KNF has responsibility for licensing and
supervising all players in the insurance market that is
insurance companies, insurance brokers, agents, loss
adjusters, reinsurance companies, and reinsurance brokers.
The assessment was performed using the 2007 version of the
insurance core principles (ICPs) issued by the International
Association of Insurance Supervisors (IAIS) and the
methodology described by the IAIS. Each ICP is rated in
terms of the level of observance as follows: observed -
whenever all the standards are considered to be observed or
when all the standards are observed except for a number that
are considered not applicable; not applicable - when the
standards are considered to be not applicable; largely
observed - where only minor shortcomings exist, which do not
raise any concerns about the authorities' ability to
achieve full observance; partly observed - where, despite
progress, the shortcomings are sufficient to raise doubts
about the authorities' ability to achieve observance;
and not observed - where no substantive progress toward
observance has been achieved. |
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