On and Offsite Inspections
An inspection is an official examination or review. The term 'onsite' means that the inspection takes place wherever the subject of the inspection happens to be located. In the insurance sector, supervisory authorities perform onsite insp...
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| Format: | Report |
| Language: | English en_US |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/110531468162291987/On-and-offsite-inspections http://hdl.handle.net/10986/27500 |
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okr-10986-275002021-04-23T14:04:43Z On and Offsite Inspections Hafeman, Michael Randle, Tony INSURANCE ACCESS TO INFORMATION ACCOUNTING ACCRUAL ACCOUNTING ACTION PLANS ACTUARIES AGRICULTURAL INSURANCE ANNUAL FINANCIAL STATEMENTS AUDITORS BANK DEPOSIT BANKS BEST-PRACTICE BUSINESS MODELS CAPABILITY CAPITAL MARKETS DEVELOPMENT CATASTROPHIC EVENTS CENTRAL BANK CLAIM PAYMENT COMPUTERS CONFIDENTIALITY CONSUMER PROTECTION CONSUMERS CONTROL SYSTEM CORPORATE GOVERNANCE DEPOSIT DEPOSIT TAKING INSTITUTIONS DERIVATIVE DERIVATIVE PRODUCTS DERIVATIVES E-MAIL EARNED PREMIUM ELECTRONIC DOCUMENTS FINANCES FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL REPORTING FINANCIAL REPORTS FINANCIAL SECTOR FINANCIAL SERVICES GLOBAL CAPITAL GLOBAL CAPITAL MARKETS HOUSING FINANCE INSPECTION INSURANCE COMPANIES INSURANCE INDUSTRY INSURANCE MARKET INSURANCE SUPERVISION INSURANCE SUPERVISORS INSURER INTEGRITY INTERNAL AUDIT INTERNAL CONTROL INTERNATIONAL BANK INVESTMENT ACTIVITIES INVESTMENT MANAGEMENT INVESTMENT POLICY INVESTMENT PROCESS ISSUANCE JURISDICTIONS LEGAL OBLIGATIONS LEGAL RISK LICENSE LIFE INSURERS MARKET CONDITIONS MARKETING MATERIAL MICROINSURANCE MONETARY FUND NECESSARY SKILLS OPERATIONAL RISK OUTSOURCING PAYMENT DATA PENSION PENSION FUNDS POLICYHOLDERS PRIVATE REINSURANCE PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PROGRAMS PROTECTION INSURANCE PROTECTION OF POLICYHOLDERS PRUDENTIAL REGULATION PRUDENTIAL SUPERVISION RAW DATA REGULATOR REGULATORY REQUIREMENTS REINSURANCE RELIABILITY RENEWALS RESULT RETURN RISK ASSESSMENT RISK MANAGEMENT RISK PROFILE SANCTIONS SAVINGS SHAREHOLDERS SUPERVISION SUPERVISORY AGENCY SUPERVISORY AUTHORITIES SUPERVISORY AUTHORITY SUPERVISORY FRAMEWORK TECHNICAL ASSISTANCE TECHNOLOGY RISK TELEPHONE TIME PERIOD UNDERWRITER UNDERWRITING VALUATION VERIFICATION An inspection is an official examination or review. The term 'onsite' means that the inspection takes place wherever the subject of the inspection happens to be located. In the insurance sector, supervisory authorities perform onsite inspections of insurers and intermediaries. Inspections sometimes extend to other entities that can affect the operations of insurers and intermediaries, such as affiliated companies and providers of outsourced services. A full-scale onsite inspection is a wide-ranging look at the finances and operations of an insurer. It can greatly assist the supervisory authority in arriving at a comprehensive assessment of the insurer's risk profile, viability, and compliance with requirements. Full-scale inspections can consume a lot of supervisory resources. A focused inspection looks at selected aspects of an insurer's finances or operations. They can often be performed more quickly and with fewer resources than a full-scale inspection, which is particular important if a specific supervisory concern has arisen and needs to be investigated. The flexibility to use both full-scale and focused inspections, as the situation may require, enables a supervisory authority to use available resources effectively and efficiently. 2017-06-30T15:55:26Z 2017-06-30T15:55:26Z 2009-12 Report http://documents.worldbank.org/curated/en/110531468162291987/On-and-offsite-inspections http://hdl.handle.net/10986/27500 English en_US Primer Series on Insurance;13 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Other Financial Sector Study Economic & Sector Work |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
INSURANCE ACCESS TO INFORMATION ACCOUNTING ACCRUAL ACCOUNTING ACTION PLANS ACTUARIES AGRICULTURAL INSURANCE ANNUAL FINANCIAL STATEMENTS AUDITORS BANK DEPOSIT BANKS BEST-PRACTICE BUSINESS MODELS CAPABILITY CAPITAL MARKETS DEVELOPMENT CATASTROPHIC EVENTS CENTRAL BANK CLAIM PAYMENT COMPUTERS CONFIDENTIALITY CONSUMER PROTECTION CONSUMERS CONTROL SYSTEM CORPORATE GOVERNANCE DEPOSIT DEPOSIT TAKING INSTITUTIONS DERIVATIVE DERIVATIVE PRODUCTS DERIVATIVES EARNED PREMIUM ELECTRONIC DOCUMENTS FINANCES FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL REPORTING FINANCIAL REPORTS FINANCIAL SECTOR FINANCIAL SERVICES GLOBAL CAPITAL GLOBAL CAPITAL MARKETS HOUSING FINANCE INSPECTION INSURANCE COMPANIES INSURANCE INDUSTRY INSURANCE MARKET INSURANCE SUPERVISION INSURANCE SUPERVISORS INSURER INTEGRITY INTERNAL AUDIT INTERNAL CONTROL INTERNATIONAL BANK INVESTMENT ACTIVITIES INVESTMENT MANAGEMENT INVESTMENT POLICY INVESTMENT PROCESS ISSUANCE JURISDICTIONS LEGAL OBLIGATIONS LEGAL RISK LICENSE LIFE INSURERS MARKET CONDITIONS MARKETING MATERIAL MICROINSURANCE MONETARY FUND NECESSARY SKILLS OPERATIONAL RISK OUTSOURCING PAYMENT DATA PENSION PENSION FUNDS POLICYHOLDERS PRIVATE REINSURANCE PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PROGRAMS PROTECTION INSURANCE PROTECTION OF POLICYHOLDERS PRUDENTIAL REGULATION PRUDENTIAL SUPERVISION RAW DATA REGULATOR REGULATORY REQUIREMENTS REINSURANCE RELIABILITY RENEWALS RESULT RETURN RISK ASSESSMENT RISK MANAGEMENT RISK PROFILE SANCTIONS SAVINGS SHAREHOLDERS SUPERVISION SUPERVISORY AGENCY SUPERVISORY AUTHORITIES SUPERVISORY AUTHORITY SUPERVISORY FRAMEWORK TECHNICAL ASSISTANCE TECHNOLOGY RISK TELEPHONE TIME PERIOD UNDERWRITER UNDERWRITING VALUATION VERIFICATION |
| spellingShingle |
INSURANCE ACCESS TO INFORMATION ACCOUNTING ACCRUAL ACCOUNTING ACTION PLANS ACTUARIES AGRICULTURAL INSURANCE ANNUAL FINANCIAL STATEMENTS AUDITORS BANK DEPOSIT BANKS BEST-PRACTICE BUSINESS MODELS CAPABILITY CAPITAL MARKETS DEVELOPMENT CATASTROPHIC EVENTS CENTRAL BANK CLAIM PAYMENT COMPUTERS CONFIDENTIALITY CONSUMER PROTECTION CONSUMERS CONTROL SYSTEM CORPORATE GOVERNANCE DEPOSIT DEPOSIT TAKING INSTITUTIONS DERIVATIVE DERIVATIVE PRODUCTS DERIVATIVES EARNED PREMIUM ELECTRONIC DOCUMENTS FINANCES FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL REPORTING FINANCIAL REPORTS FINANCIAL SECTOR FINANCIAL SERVICES GLOBAL CAPITAL GLOBAL CAPITAL MARKETS HOUSING FINANCE INSPECTION INSURANCE COMPANIES INSURANCE INDUSTRY INSURANCE MARKET INSURANCE SUPERVISION INSURANCE SUPERVISORS INSURER INTEGRITY INTERNAL AUDIT INTERNAL CONTROL INTERNATIONAL BANK INVESTMENT ACTIVITIES INVESTMENT MANAGEMENT INVESTMENT POLICY INVESTMENT PROCESS ISSUANCE JURISDICTIONS LEGAL OBLIGATIONS LEGAL RISK LICENSE LIFE INSURERS MARKET CONDITIONS MARKETING MATERIAL MICROINSURANCE MONETARY FUND NECESSARY SKILLS OPERATIONAL RISK OUTSOURCING PAYMENT DATA PENSION PENSION FUNDS POLICYHOLDERS PRIVATE REINSURANCE PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PROGRAMS PROTECTION INSURANCE PROTECTION OF POLICYHOLDERS PRUDENTIAL REGULATION PRUDENTIAL SUPERVISION RAW DATA REGULATOR REGULATORY REQUIREMENTS REINSURANCE RELIABILITY RENEWALS RESULT RETURN RISK ASSESSMENT RISK MANAGEMENT RISK PROFILE SANCTIONS SAVINGS SHAREHOLDERS SUPERVISION SUPERVISORY AGENCY SUPERVISORY AUTHORITIES SUPERVISORY AUTHORITY SUPERVISORY FRAMEWORK TECHNICAL ASSISTANCE TECHNOLOGY RISK TELEPHONE TIME PERIOD UNDERWRITER UNDERWRITING VALUATION VERIFICATION Hafeman, Michael Randle, Tony On and Offsite Inspections |
| relation |
Primer Series on Insurance;13 |
| description |
An inspection is an official examination
or review. The term 'onsite' means that the
inspection takes place wherever the subject of the
inspection happens to be located. In the insurance sector,
supervisory authorities perform onsite inspections of
insurers and intermediaries. Inspections sometimes extend to
other entities that can affect the operations of insurers
and intermediaries, such as affiliated companies and
providers of outsourced services. A full-scale onsite
inspection is a wide-ranging look at the finances and
operations of an insurer. It can greatly assist the
supervisory authority in arriving at a comprehensive
assessment of the insurer's risk profile, viability,
and compliance with requirements. Full-scale inspections can
consume a lot of supervisory resources. A focused inspection
looks at selected aspects of an insurer's finances or
operations. They can often be performed more quickly and
with fewer resources than a full-scale inspection, which is
particular important if a specific supervisory concern has
arisen and needs to be investigated. The flexibility to use
both full-scale and focused inspections, as the situation
may require, enables a supervisory authority to use
available resources effectively and efficiently. |
| format |
Report |
| author |
Hafeman, Michael Randle, Tony |
| author_facet |
Hafeman, Michael Randle, Tony |
| author_sort |
Hafeman, Michael |
| title |
On and Offsite Inspections |
| title_short |
On and Offsite Inspections |
| title_full |
On and Offsite Inspections |
| title_fullStr |
On and Offsite Inspections |
| title_full_unstemmed |
On and Offsite Inspections |
| title_sort |
on and offsite inspections |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/110531468162291987/On-and-offsite-inspections http://hdl.handle.net/10986/27500 |
| _version_ |
1764464574230167552 |