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...
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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 |
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okr-10986-17356 |
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| 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 |
ACCOUNTANT ACCOUNTING ACCOUNTING RULES ACCOUNTING STANDARDS ACTUARIAL REPORTS ACTUARIES AGENTS ANTI-MONEY LAUNDERING APPLICATIONS ARBITRATION ASSURANCE AUDITORS AUDITS BALANCE SHEET BANK GUARANTEE BANKRUPTCY BENEFICIARIES CAPITAL ADEQUACY CAPITAL MARKETS CAPITAL REQUIREMENTS CIVIL CODE CIVIL CODES CIVIL LAW CODE OF CONDUCT COMMERCIAL CODE COMPENSATION COMPULSORY INSURANCE COMPULSORY INSURANCES CONFIDENTIALITY CONFLICT OF INTEREST CONFLICT OF INTERESTS CONSUMER PROTECTION CONSUMERS CORPORATE GOVERNANCE CORPORATE GOVERNANCE FRAMEWORK CORPORATE GOVERNANCE STANDARDS CORRECTIVE ACTION COVERAGE CREDIT INSTITUTIONS CREDITORS DERIVATIVE DERIVATIVES DIVIDEND DIVIDEND PAYMENTS ENFORCEMENT POWERS ETHICAL BEHAVIOR EXPOSURES FINANCES FINANCIAL CONDITION FINANCIAL CONGLOMERATE FINANCIAL CONGLOMERATES FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKET PARTICIPANTS FINANCIAL MARKETS FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL SECTOR POLICY FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SUPERVISION FINANCIAL SYSTEM FOREIGN BRANCHES FOREIGN COMPANIES FOREIGN INSURER FRAUD GOVERNANCE STANDARDS GUARANTEE FUND HOLDING HOLDING COMPANIES HOLDING COMPANY HOME MARKET INFORMATION SHARING INSOLVENCY INSPECTIONS INSURANCE INSURANCE ACTIVITIES INSURANCE ACTIVITY INSURANCE BROKERS INSURANCE CLAIMS INSURANCE COMPANIES INSURANCE COMPANY INSURANCE CONTRACT INSURANCE CONTRACTS INSURANCE GUARANTEE INSURANCE INDUSTRY INSURANCE LAW INSURANCE LICENSES INSURANCE MARKET INSURANCE MARKETS INSURANCE POLICIES INSURANCE PREMIUM INSURANCE PREMIUM RATES INSURANCE PREMIUMS INSURANCE RISK INSURANCE SERVICES INSURANCE SUPERVISION INSURANCE SUPERVISORS INSURANCES INSURERS INTEGRITY INTEREST RATE INTERNAL AUDIT INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL BANK INTERNATIONAL STANDARD INTERNATIONAL STANDARDS JOINT STOCK COMPANY JURISDICTION JURISDICTIONS LAW ENFORCEMENT LAWS LEGAL FRAMEWORK LEGAL PROTECTION LEGAL PROTECTIONS LEGAL PROVISION LEGAL PROVISIONS LEGAL TRANSACTIONS LEVEL OF PREMIUMS LEVEL OF RISK LEVY LIABILITY LIABILITY INSURANCE LIFE INSURANCE LIFE-INSURANCE LIQUIDATION MACROECONOMIC DATA MANDATORY MEMBERSHIP MARKET DEVELOPMENTS MARKET ENVIRONMENT MARKET INFRASTRUCTURE MARKET PARTICIPANTS MARKET SUPERVISION MATURITY MONETARY FUND MONEY LAUNDERING MOTOR INSURANCE MUTUAL INSURANCE OPERATIONAL INDEPENDENCE OPERATIONAL RISK OUTSOURCING OWNERSHIP OF BANKS PENSION PENSION FUNDS PENSION SYSTEM PENSIONS POINT OF SALE POLICYHOLDERS PORTFOLIO PRIVATE SECTOR DEVELOPMENT PROFESSIONAL EDUCATION PROTECTION OF POLICYHOLDERS PUBLIC BUDGET PUBLIC COMPANIES PUBLIC OFFERING RECIPROCITY RECOVERABLES REGULATORY FRAMEWORK REGULATORY REQUIREMENTS REINSURANCE REINSURANCE ARRANGEMENTS REINSURANCE COMPANIES REINSURANCE CONTRACTS REINSURERS REPUTATION RESERVE RESERVES RETURN RETURNS RISK ASSESSMENT RISK ASSESSMENTS RISK CONTROL RISK DIVERSIFICATION RISK FACTORS RISK MANAGEMENT RISK MANAGEMENT SYSTEM RISK MANAGEMENT SYSTEMS RISK PROFILE RISK PROFILES RISK TAKING RISK TRANSFER SECURITIES SECURITIES MARKETS SEIZURE SHAREHOLDER SHAREHOLDERS SHORT-TERM FINANCE SINGLE MARKET SOCIAL SECURITY SOLVENCY SOLVENCY REQUIREMENTS STOCK EXCHANGE SUPERVISION AUTHORITIES SUPERVISION AUTHORITY SUPERVISORY AUTHORITIES SUPERVISORY AUTHORITY SUPERVISORY BOARD SUPERVISORY SYSTEM TERRORISM THREAT OF INSOLVENCY TRADING TRANSACTION TRANSPARENCY TREASURY TRUSTEES VALUATION WITHDRAWAL |
| spellingShingle |
ACCOUNTANT ACCOUNTING ACCOUNTING RULES ACCOUNTING STANDARDS ACTUARIAL REPORTS ACTUARIES AGENTS ANTI-MONEY LAUNDERING APPLICATIONS ARBITRATION ASSURANCE AUDITORS AUDITS BALANCE SHEET BANK GUARANTEE BANKRUPTCY BENEFICIARIES CAPITAL ADEQUACY CAPITAL MARKETS CAPITAL REQUIREMENTS CIVIL CODE CIVIL CODES CIVIL LAW CODE OF CONDUCT COMMERCIAL CODE COMPENSATION COMPULSORY INSURANCE COMPULSORY INSURANCES CONFIDENTIALITY CONFLICT OF INTEREST CONFLICT OF INTERESTS CONSUMER PROTECTION CONSUMERS CORPORATE GOVERNANCE CORPORATE GOVERNANCE FRAMEWORK CORPORATE GOVERNANCE STANDARDS CORRECTIVE ACTION COVERAGE CREDIT INSTITUTIONS CREDITORS DERIVATIVE DERIVATIVES DIVIDEND DIVIDEND PAYMENTS ENFORCEMENT POWERS ETHICAL BEHAVIOR EXPOSURES FINANCES FINANCIAL CONDITION FINANCIAL CONGLOMERATE FINANCIAL CONGLOMERATES FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKET PARTICIPANTS FINANCIAL MARKETS FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL SECTOR POLICY FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SUPERVISION FINANCIAL SYSTEM FOREIGN BRANCHES FOREIGN COMPANIES FOREIGN INSURER FRAUD GOVERNANCE STANDARDS GUARANTEE FUND HOLDING HOLDING COMPANIES HOLDING COMPANY HOME MARKET INFORMATION SHARING INSOLVENCY INSPECTIONS INSURANCE INSURANCE ACTIVITIES INSURANCE ACTIVITY INSURANCE BROKERS INSURANCE CLAIMS INSURANCE COMPANIES INSURANCE COMPANY INSURANCE CONTRACT INSURANCE CONTRACTS INSURANCE GUARANTEE INSURANCE INDUSTRY INSURANCE LAW INSURANCE LICENSES INSURANCE MARKET INSURANCE MARKETS INSURANCE POLICIES INSURANCE PREMIUM INSURANCE PREMIUM RATES INSURANCE PREMIUMS INSURANCE RISK INSURANCE SERVICES INSURANCE SUPERVISION INSURANCE SUPERVISORS INSURANCES INSURERS INTEGRITY INTEREST RATE INTERNAL AUDIT INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL BANK INTERNATIONAL STANDARD INTERNATIONAL STANDARDS JOINT STOCK COMPANY JURISDICTION JURISDICTIONS LAW ENFORCEMENT LAWS LEGAL FRAMEWORK LEGAL PROTECTION LEGAL PROTECTIONS LEGAL PROVISION LEGAL PROVISIONS LEGAL TRANSACTIONS LEVEL OF PREMIUMS LEVEL OF RISK LEVY LIABILITY LIABILITY INSURANCE LIFE INSURANCE LIFE-INSURANCE LIQUIDATION MACROECONOMIC DATA MANDATORY MEMBERSHIP MARKET DEVELOPMENTS MARKET ENVIRONMENT MARKET INFRASTRUCTURE MARKET PARTICIPANTS MARKET SUPERVISION MATURITY MONETARY FUND MONEY LAUNDERING MOTOR INSURANCE MUTUAL INSURANCE OPERATIONAL INDEPENDENCE OPERATIONAL RISK OUTSOURCING OWNERSHIP OF BANKS PENSION PENSION FUNDS PENSION SYSTEM PENSIONS POINT OF SALE POLICYHOLDERS PORTFOLIO PRIVATE SECTOR DEVELOPMENT PROFESSIONAL EDUCATION PROTECTION OF POLICYHOLDERS PUBLIC BUDGET PUBLIC COMPANIES PUBLIC OFFERING RECIPROCITY RECOVERABLES REGULATORY FRAMEWORK REGULATORY REQUIREMENTS REINSURANCE REINSURANCE ARRANGEMENTS REINSURANCE COMPANIES REINSURANCE CONTRACTS REINSURERS REPUTATION RESERVE RESERVES RETURN RETURNS RISK ASSESSMENT RISK ASSESSMENTS RISK CONTROL RISK DIVERSIFICATION RISK FACTORS RISK MANAGEMENT RISK MANAGEMENT SYSTEM RISK MANAGEMENT SYSTEMS RISK PROFILE RISK PROFILES RISK TAKING RISK TRANSFER SECURITIES SECURITIES MARKETS SEIZURE SHAREHOLDER SHAREHOLDERS SHORT-TERM FINANCE SINGLE MARKET SOCIAL SECURITY SOLVENCY SOLVENCY REQUIREMENTS STOCK EXCHANGE SUPERVISION AUTHORITIES SUPERVISION AUTHORITY SUPERVISORY AUTHORITIES SUPERVISORY AUTHORITY SUPERVISORY BOARD SUPERVISORY SYSTEM TERRORISM THREAT OF INSOLVENCY TRADING TRANSACTION TRANSPARENCY TREASURY TRUSTEES VALUATION WITHDRAWAL International Monetary Fund World Bank Republic of Poland : Insurance Core Principles, Detailed Assessment of Observance |
| geographic_facet |
Europe and Central Asia Poland |
| description |
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. |
| 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 |
Republic of Poland : Insurance Core Principles, Detailed Assessment of Observance |
| title_short |
Republic of Poland : Insurance Core Principles, Detailed Assessment of Observance |
| title_full |
Republic of Poland : Insurance Core Principles, Detailed Assessment of Observance |
| title_fullStr |
Republic of Poland : Insurance Core Principles, Detailed Assessment of Observance |
| title_full_unstemmed |
Republic of Poland : Insurance Core Principles, Detailed Assessment of Observance |
| title_sort |
republic of poland : insurance core principles, detailed assessment of observance |
| publisher |
Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2012/11/18862279/poland-insurance-core-principles-detailed-assessment-observance http://hdl.handle.net/10986/17356 |
| _version_ |
1764436956773613568 |
| spelling |
okr-10986-173562021-04-23T14:03:37Z Republic of Poland : Insurance Core Principles, Detailed Assessment of Observance International Monetary Fund World Bank ACCOUNTANT ACCOUNTING ACCOUNTING RULES ACCOUNTING STANDARDS ACTUARIAL REPORTS ACTUARIES AGENTS ANTI-MONEY LAUNDERING APPLICATIONS ARBITRATION ASSURANCE AUDITORS AUDITS BALANCE SHEET BANK GUARANTEE BANKRUPTCY BENEFICIARIES CAPITAL ADEQUACY CAPITAL MARKETS CAPITAL REQUIREMENTS CIVIL CODE CIVIL CODES CIVIL LAW CODE OF CONDUCT COMMERCIAL CODE COMPENSATION COMPULSORY INSURANCE COMPULSORY INSURANCES CONFIDENTIALITY CONFLICT OF INTEREST CONFLICT OF INTERESTS CONSUMER PROTECTION CONSUMERS CORPORATE GOVERNANCE CORPORATE GOVERNANCE FRAMEWORK CORPORATE GOVERNANCE STANDARDS CORRECTIVE ACTION COVERAGE CREDIT INSTITUTIONS CREDITORS DERIVATIVE DERIVATIVES DIVIDEND DIVIDEND PAYMENTS ENFORCEMENT POWERS ETHICAL BEHAVIOR EXPOSURES FINANCES FINANCIAL CONDITION FINANCIAL CONGLOMERATE FINANCIAL CONGLOMERATES FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKET PARTICIPANTS FINANCIAL MARKETS FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL SECTOR POLICY FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SUPERVISION FINANCIAL SYSTEM FOREIGN BRANCHES FOREIGN COMPANIES FOREIGN INSURER FRAUD GOVERNANCE STANDARDS GUARANTEE FUND HOLDING HOLDING COMPANIES HOLDING COMPANY HOME MARKET INFORMATION SHARING INSOLVENCY INSPECTIONS INSURANCE INSURANCE ACTIVITIES INSURANCE ACTIVITY INSURANCE BROKERS INSURANCE CLAIMS INSURANCE COMPANIES INSURANCE COMPANY INSURANCE CONTRACT INSURANCE CONTRACTS INSURANCE GUARANTEE INSURANCE INDUSTRY INSURANCE LAW INSURANCE LICENSES INSURANCE MARKET INSURANCE MARKETS INSURANCE POLICIES INSURANCE PREMIUM INSURANCE PREMIUM RATES INSURANCE PREMIUMS INSURANCE RISK INSURANCE SERVICES INSURANCE SUPERVISION INSURANCE SUPERVISORS INSURANCES INSURERS INTEGRITY INTEREST RATE INTERNAL AUDIT INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL BANK INTERNATIONAL STANDARD INTERNATIONAL STANDARDS JOINT STOCK COMPANY JURISDICTION JURISDICTIONS LAW ENFORCEMENT LAWS LEGAL FRAMEWORK LEGAL PROTECTION LEGAL PROTECTIONS LEGAL PROVISION LEGAL PROVISIONS LEGAL TRANSACTIONS LEVEL OF PREMIUMS LEVEL OF RISK LEVY LIABILITY LIABILITY INSURANCE LIFE INSURANCE LIFE-INSURANCE LIQUIDATION MACROECONOMIC DATA MANDATORY MEMBERSHIP MARKET DEVELOPMENTS MARKET ENVIRONMENT MARKET INFRASTRUCTURE MARKET PARTICIPANTS MARKET SUPERVISION MATURITY MONETARY FUND MONEY LAUNDERING MOTOR INSURANCE MUTUAL INSURANCE OPERATIONAL INDEPENDENCE OPERATIONAL RISK OUTSOURCING OWNERSHIP OF BANKS PENSION PENSION FUNDS PENSION SYSTEM PENSIONS POINT OF SALE POLICYHOLDERS PORTFOLIO PRIVATE SECTOR DEVELOPMENT PROFESSIONAL EDUCATION PROTECTION OF POLICYHOLDERS PUBLIC BUDGET PUBLIC COMPANIES PUBLIC OFFERING RECIPROCITY RECOVERABLES REGULATORY FRAMEWORK REGULATORY REQUIREMENTS REINSURANCE REINSURANCE ARRANGEMENTS REINSURANCE COMPANIES REINSURANCE CONTRACTS REINSURERS REPUTATION RESERVE RESERVES RETURN RETURNS RISK ASSESSMENT RISK ASSESSMENTS RISK CONTROL RISK DIVERSIFICATION RISK FACTORS RISK MANAGEMENT RISK MANAGEMENT SYSTEM RISK MANAGEMENT SYSTEMS RISK PROFILE RISK PROFILES RISK TAKING RISK TRANSFER SECURITIES SECURITIES MARKETS SEIZURE SHAREHOLDER SHAREHOLDERS SHORT-TERM FINANCE SINGLE MARKET SOCIAL SECURITY SOLVENCY SOLVENCY REQUIREMENTS STOCK EXCHANGE SUPERVISION AUTHORITIES SUPERVISION AUTHORITY SUPERVISORY AUTHORITIES SUPERVISORY AUTHORITY SUPERVISORY BOARD SUPERVISORY SYSTEM TERRORISM THREAT OF INSOLVENCY TRADING TRANSACTION TRANSPARENCY TREASURY TRUSTEES VALUATION WITHDRAWAL 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. 2014-03-25T18:08:38Z 2014-03-25T18:08:38Z 2012-11 http://documents.worldbank.org/curated/en/2012/11/18862279/poland-insurance-core-principles-detailed-assessment-observance http://hdl.handle.net/10986/17356 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Economic & Sector Work :: Financial Sector Assessment Program (FSAP) Economic & Sector Work Europe and Central Asia Poland |