Czech Republic : Pilot Assessment of Governance of the Insurance Sector
This assessment of the governance of the Czech insurance sector has three objectives: (1) develop a set of best practice benchmarks for assessing the governance of insurance sectors in the Europe and Central Asia Region and elsewhere, (2) conduct a...
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| Format: | Policy Note |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2006/03/16426773/czech-republic-pilot-assessment-governance-insurance-sector http://hdl.handle.net/10986/12795 |
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okr-10986-12795 |
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oai_dc |
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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 |
ACCESS TO INFORMATION ACCOUNTING ACCOUNTING RULES ACCOUNTING STANDARDS ADVOCACY GROUP ARBITRAGE ASSET CLASS AUDIT COMMITTEE AUDIT COMMITTEES AUDITS BALANCE SHEETS BANK GUARANTEE BANK RISK BANKING SECTOR BANKRUPTCY BANKRUPTCY LEGISLATION BILLS OF EXCHANGE BOND BOND MARKET BONDS BORROWER BROKER BROKER-DEALER BUSINESS ENVIRONMENT BUSINESS RISKS CAPITAL ALLOCATION CAPITAL MARKET CAPITAL MARKETS CAPITAL REQUIREMENTS CAPITALIZATION CASH TRANSFERS CENTRAL BANK CHECKS CIVIL CODE CLAIMANTS CODE OF CONDUCT COLLECTIVE INVESTMENT COMMERCIAL CODE COMPANY LAW CONFLICT OF INTEREST CONFLICT OF INTERESTS CONFLICTS OF INTEREST CONSUMER PROTECTION CONTRACTUAL SAVINGS CORPORATE BONDS CORPORATE FRAUD CORPORATE GOVERNANCE CORPORATE GOVERNANCE FRAMEWORK CORPORATE GOVERNANCE REFORM CORPORATE INSIDERS CREDIBILITY CREDIT INSTITUTIONS CREDIT UNIONS CREDITOR CREDITORS DEBT AGREEMENT DEPOSIT DEPOSITS DERIVATIVE DERIVATIVE CONTRACTS DERIVATIVE INSTRUMENTS DERIVATIVES DEVELOPING MARKETS DIRECT ACCESS DISCLOSURE DOCUMENTS DISCLOSURE REQUIREMENTS DUE DILIGENCE ECONOMIC DEVELOPMENT EMERGING MARKETS EQUITIES EXCHANGE RATES EXPENDITURE EXPENDITURES EXPOSURE EXPOSURES FIDUCIARY RESPONSIBILITY FINANCIAL ASSETS FINANCIAL CONGLOMERATE FINANCIAL CONGLOMERATES FINANCIAL CONTRACTS FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTEGRATION FINANCIAL MANAGEMENT FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FINANCIAL STATEMENTS FIXED INCOME FIXED INCOME SECURITIES FOREIGN INSURERS GLOBAL RISK GOVERNANCE ISSUES GOVERNANCE MECHANISMS GROSS DOMESTIC PRODUCT HOLDING HOLDING COMPANIES INCENTIVE STRUCTURES INCOMES INDUSTRIAL COUNTRIES INFORMATION TECHNOLOGY INSTITUTIONAL INVESTORS INSURANCE INSURANCE ACTIVITIES INSURANCE COMPANIES INSURANCE COMPANY INSURANCE INDUSTRY INSURANCE MARKET INSURANCE MARKETS INSURANCE PENETRATION INSURANCE POLICY INSURER INTEREST RATES INTERNAL AUDIT INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL BEST PRACTICES INTERNATIONAL FINANCE INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVESTING INVESTMENT FUNCTION INVESTMENT FUND INVESTMENT PROJECTS INVESTMENT RISK INVESTMENT RISKS JOINT STOCK COMPANIES JOINT STOCK COMPANY JOINT-STOCK COMPANY JURISDICTIONS LEGAL FRAMEWORK LEGAL PROTECTION LEGAL PROVISION LEGAL PROVISIONS LEGAL REGIME LEGAL SYSTEMS LENDERS LEVEL OF RISK LIABILITY LIFE INSURANCE LIFE INSURANCE COMPANIES LIFE INSURANCE COMPANY LIFE INSURANCE CONTRACT LIFE INSURANCE POLICY LIFE INSURANCE PRODUCTS LIFE INSURANCES LIFE-INSURANCE LIMITED LIABILITY LIMITED LIABILITY COMPANIES LIQUIDATION LIQUIDITY LOCAL BUSINESS LONG-TERM OBLIGATIONS MARKET CAPITALIZATION MARKET DISCIPLINE MARKET ECONOMY MARKET MECHANISMS MARKET PLAYER MARKET SHARE MINORITY SHAREHOLDERS MONEY LAUNDERING MORTGAGE MORTGAGE BONDS MUTUAL FUNDS NATIONAL BANK PARTICULAR COUNTRY PENSION PENSION FUND PENSION FUNDS PENSION LAW PENSIONS PORTFOLIO PORTFOLIO MANAGEMENT PRIVATE PENSION PRIVATE SECTOR DEVELOPMENT PROTECTION OF POLICYHOLDERS RAPID GROWTH REAL ESTATE REGULATOR REGULATORY CAPITAL REGULATORY FRAMEWORK REINSURANCE REPUTATION RESERVES RETURN RETURNS RISK MANAGEMENT RISK MANAGEMENT SYSTEM RISK MANAGEMENT SYSTEMS RISK PREMIUM SCANDALS SECURITIES SECURITIES MARKETS SECURITIES REGULATORS SEPARATE ASSET SHAREHOLDER SOLVENCY STOCK EXCHANGE STOCK EXCHANGES STOCK OPTIONS STOCKS STRONG CORPORATE GOVERNANCE STRONG GOVERNANCE SUBORDINATED DEBT SUPERVISORY AUTHORITIES SUPERVISORY AUTHORITY SUPERVISORY BOARD SUPERVISORY BOARDS TAX TRANSITION COUNTRIES TRANSITION ECONOMIES TRANSPARENCY TREASURY TRUSTEE VALUATION VALUATIONS |
| spellingShingle |
ACCESS TO INFORMATION ACCOUNTING ACCOUNTING RULES ACCOUNTING STANDARDS ADVOCACY GROUP ARBITRAGE ASSET CLASS AUDIT COMMITTEE AUDIT COMMITTEES AUDITS BALANCE SHEETS BANK GUARANTEE BANK RISK BANKING SECTOR BANKRUPTCY BANKRUPTCY LEGISLATION BILLS OF EXCHANGE BOND BOND MARKET BONDS BORROWER BROKER BROKER-DEALER BUSINESS ENVIRONMENT BUSINESS RISKS CAPITAL ALLOCATION CAPITAL MARKET CAPITAL MARKETS CAPITAL REQUIREMENTS CAPITALIZATION CASH TRANSFERS CENTRAL BANK CHECKS CIVIL CODE CLAIMANTS CODE OF CONDUCT COLLECTIVE INVESTMENT COMMERCIAL CODE COMPANY LAW CONFLICT OF INTEREST CONFLICT OF INTERESTS CONFLICTS OF INTEREST CONSUMER PROTECTION CONTRACTUAL SAVINGS CORPORATE BONDS CORPORATE FRAUD CORPORATE GOVERNANCE CORPORATE GOVERNANCE FRAMEWORK CORPORATE GOVERNANCE REFORM CORPORATE INSIDERS CREDIBILITY CREDIT INSTITUTIONS CREDIT UNIONS CREDITOR CREDITORS DEBT AGREEMENT DEPOSIT DEPOSITS DERIVATIVE DERIVATIVE CONTRACTS DERIVATIVE INSTRUMENTS DERIVATIVES DEVELOPING MARKETS DIRECT ACCESS DISCLOSURE DOCUMENTS DISCLOSURE REQUIREMENTS DUE DILIGENCE ECONOMIC DEVELOPMENT EMERGING MARKETS EQUITIES EXCHANGE RATES EXPENDITURE EXPENDITURES EXPOSURE EXPOSURES FIDUCIARY RESPONSIBILITY FINANCIAL ASSETS FINANCIAL CONGLOMERATE FINANCIAL CONGLOMERATES FINANCIAL CONTRACTS FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTEGRATION FINANCIAL MANAGEMENT FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FINANCIAL STATEMENTS FIXED INCOME FIXED INCOME SECURITIES FOREIGN INSURERS GLOBAL RISK GOVERNANCE ISSUES GOVERNANCE MECHANISMS GROSS DOMESTIC PRODUCT HOLDING HOLDING COMPANIES INCENTIVE STRUCTURES INCOMES INDUSTRIAL COUNTRIES INFORMATION TECHNOLOGY INSTITUTIONAL INVESTORS INSURANCE INSURANCE ACTIVITIES INSURANCE COMPANIES INSURANCE COMPANY INSURANCE INDUSTRY INSURANCE MARKET INSURANCE MARKETS INSURANCE PENETRATION INSURANCE POLICY INSURER INTEREST RATES INTERNAL AUDIT INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL BEST PRACTICES INTERNATIONAL FINANCE INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVESTING INVESTMENT FUNCTION INVESTMENT FUND INVESTMENT PROJECTS INVESTMENT RISK INVESTMENT RISKS JOINT STOCK COMPANIES JOINT STOCK COMPANY JOINT-STOCK COMPANY JURISDICTIONS LEGAL FRAMEWORK LEGAL PROTECTION LEGAL PROVISION LEGAL PROVISIONS LEGAL REGIME LEGAL SYSTEMS LENDERS LEVEL OF RISK LIABILITY LIFE INSURANCE LIFE INSURANCE COMPANIES LIFE INSURANCE COMPANY LIFE INSURANCE CONTRACT LIFE INSURANCE POLICY LIFE INSURANCE PRODUCTS LIFE INSURANCES LIFE-INSURANCE LIMITED LIABILITY LIMITED LIABILITY COMPANIES LIQUIDATION LIQUIDITY LOCAL BUSINESS LONG-TERM OBLIGATIONS MARKET CAPITALIZATION MARKET DISCIPLINE MARKET ECONOMY MARKET MECHANISMS MARKET PLAYER MARKET SHARE MINORITY SHAREHOLDERS MONEY LAUNDERING MORTGAGE MORTGAGE BONDS MUTUAL FUNDS NATIONAL BANK PARTICULAR COUNTRY PENSION PENSION FUND PENSION FUNDS PENSION LAW PENSIONS PORTFOLIO PORTFOLIO MANAGEMENT PRIVATE PENSION PRIVATE SECTOR DEVELOPMENT PROTECTION OF POLICYHOLDERS RAPID GROWTH REAL ESTATE REGULATOR REGULATORY CAPITAL REGULATORY FRAMEWORK REINSURANCE REPUTATION RESERVES RETURN RETURNS RISK MANAGEMENT RISK MANAGEMENT SYSTEM RISK MANAGEMENT SYSTEMS RISK PREMIUM SCANDALS SECURITIES SECURITIES MARKETS SECURITIES REGULATORS SEPARATE ASSET SHAREHOLDER SOLVENCY STOCK EXCHANGE STOCK EXCHANGES STOCK OPTIONS STOCKS STRONG CORPORATE GOVERNANCE STRONG GOVERNANCE SUBORDINATED DEBT SUPERVISORY AUTHORITIES SUPERVISORY AUTHORITY SUPERVISORY BOARD SUPERVISORY BOARDS TAX TRANSITION COUNTRIES TRANSITION ECONOMIES TRANSPARENCY TREASURY TRUSTEE VALUATION VALUATIONS World Bank Czech Republic : Pilot Assessment of Governance of the Insurance Sector |
| geographic_facet |
Europe and Central Asia Czech Republic |
| description |
This assessment of the governance of the
Czech insurance sector has three objectives: (1) develop a
set of best practice benchmarks for assessing the governance
of insurance sectors in the Europe and Central Asia Region
and elsewhere, (2) conduct a trial assessment of the Czech
insurance governance framework against these benchmarks, and
(3) provide recommendations on ways of further improving the
corporate governance of the Czech insurance sector. The
benchmarks and the assessment are found in Annex I and a
list of recommendations is presented in Annex II. As this is
a pilot assessment, the final report should be seen as no
more than a work-in-progress. Nevertheless, it is expected
that it will play a useful role in contributing to
guidelines for strong corporate governance of insurers in
both developed and emerging markets. It could also lay the
basis for further governance-based reforms of the Czech
insurance sector and provide a baseline assessment for
measurement of the reforms. |
| format |
Economic & Sector Work :: Policy Note |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Czech Republic : Pilot Assessment of Governance of the Insurance Sector |
| title_short |
Czech Republic : Pilot Assessment of Governance of the Insurance Sector |
| title_full |
Czech Republic : Pilot Assessment of Governance of the Insurance Sector |
| title_fullStr |
Czech Republic : Pilot Assessment of Governance of the Insurance Sector |
| title_full_unstemmed |
Czech Republic : Pilot Assessment of Governance of the Insurance Sector |
| title_sort |
czech republic : pilot assessment of governance of the insurance sector |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2006/03/16426773/czech-republic-pilot-assessment-governance-insurance-sector http://hdl.handle.net/10986/12795 |
| _version_ |
1764421338316931072 |
| spelling |
okr-10986-127952021-04-23T14:03:04Z Czech Republic : Pilot Assessment of Governance of the Insurance Sector World Bank ACCESS TO INFORMATION ACCOUNTING ACCOUNTING RULES ACCOUNTING STANDARDS ADVOCACY GROUP ARBITRAGE ASSET CLASS AUDIT COMMITTEE AUDIT COMMITTEES AUDITS BALANCE SHEETS BANK GUARANTEE BANK RISK BANKING SECTOR BANKRUPTCY BANKRUPTCY LEGISLATION BILLS OF EXCHANGE BOND BOND MARKET BONDS BORROWER BROKER BROKER-DEALER BUSINESS ENVIRONMENT BUSINESS RISKS CAPITAL ALLOCATION CAPITAL MARKET CAPITAL MARKETS CAPITAL REQUIREMENTS CAPITALIZATION CASH TRANSFERS CENTRAL BANK CHECKS CIVIL CODE CLAIMANTS CODE OF CONDUCT COLLECTIVE INVESTMENT COMMERCIAL CODE COMPANY LAW CONFLICT OF INTEREST CONFLICT OF INTERESTS CONFLICTS OF INTEREST CONSUMER PROTECTION CONTRACTUAL SAVINGS CORPORATE BONDS CORPORATE FRAUD CORPORATE GOVERNANCE CORPORATE GOVERNANCE FRAMEWORK CORPORATE GOVERNANCE REFORM CORPORATE INSIDERS CREDIBILITY CREDIT INSTITUTIONS CREDIT UNIONS CREDITOR CREDITORS DEBT AGREEMENT DEPOSIT DEPOSITS DERIVATIVE DERIVATIVE CONTRACTS DERIVATIVE INSTRUMENTS DERIVATIVES DEVELOPING MARKETS DIRECT ACCESS DISCLOSURE DOCUMENTS DISCLOSURE REQUIREMENTS DUE DILIGENCE ECONOMIC DEVELOPMENT EMERGING MARKETS EQUITIES EXCHANGE RATES EXPENDITURE EXPENDITURES EXPOSURE EXPOSURES FIDUCIARY RESPONSIBILITY FINANCIAL ASSETS FINANCIAL CONGLOMERATE FINANCIAL CONGLOMERATES FINANCIAL CONTRACTS FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTEGRATION FINANCIAL MANAGEMENT FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FINANCIAL STATEMENTS FIXED INCOME FIXED INCOME SECURITIES FOREIGN INSURERS GLOBAL RISK GOVERNANCE ISSUES GOVERNANCE MECHANISMS GROSS DOMESTIC PRODUCT HOLDING HOLDING COMPANIES INCENTIVE STRUCTURES INCOMES INDUSTRIAL COUNTRIES INFORMATION TECHNOLOGY INSTITUTIONAL INVESTORS INSURANCE INSURANCE ACTIVITIES INSURANCE COMPANIES INSURANCE COMPANY INSURANCE INDUSTRY INSURANCE MARKET INSURANCE MARKETS INSURANCE PENETRATION INSURANCE POLICY INSURER INTEREST RATES INTERNAL AUDIT INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL BEST PRACTICES INTERNATIONAL FINANCE INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVESTING INVESTMENT FUNCTION INVESTMENT FUND INVESTMENT PROJECTS INVESTMENT RISK INVESTMENT RISKS JOINT STOCK COMPANIES JOINT STOCK COMPANY JOINT-STOCK COMPANY JURISDICTIONS LEGAL FRAMEWORK LEGAL PROTECTION LEGAL PROVISION LEGAL PROVISIONS LEGAL REGIME LEGAL SYSTEMS LENDERS LEVEL OF RISK LIABILITY LIFE INSURANCE LIFE INSURANCE COMPANIES LIFE INSURANCE COMPANY LIFE INSURANCE CONTRACT LIFE INSURANCE POLICY LIFE INSURANCE PRODUCTS LIFE INSURANCES LIFE-INSURANCE LIMITED LIABILITY LIMITED LIABILITY COMPANIES LIQUIDATION LIQUIDITY LOCAL BUSINESS LONG-TERM OBLIGATIONS MARKET CAPITALIZATION MARKET DISCIPLINE MARKET ECONOMY MARKET MECHANISMS MARKET PLAYER MARKET SHARE MINORITY SHAREHOLDERS MONEY LAUNDERING MORTGAGE MORTGAGE BONDS MUTUAL FUNDS NATIONAL BANK PARTICULAR COUNTRY PENSION PENSION FUND PENSION FUNDS PENSION LAW PENSIONS PORTFOLIO PORTFOLIO MANAGEMENT PRIVATE PENSION PRIVATE SECTOR DEVELOPMENT PROTECTION OF POLICYHOLDERS RAPID GROWTH REAL ESTATE REGULATOR REGULATORY CAPITAL REGULATORY FRAMEWORK REINSURANCE REPUTATION RESERVES RETURN RETURNS RISK MANAGEMENT RISK MANAGEMENT SYSTEM RISK MANAGEMENT SYSTEMS RISK PREMIUM SCANDALS SECURITIES SECURITIES MARKETS SECURITIES REGULATORS SEPARATE ASSET SHAREHOLDER SOLVENCY STOCK EXCHANGE STOCK EXCHANGES STOCK OPTIONS STOCKS STRONG CORPORATE GOVERNANCE STRONG GOVERNANCE SUBORDINATED DEBT SUPERVISORY AUTHORITIES SUPERVISORY AUTHORITY SUPERVISORY BOARD SUPERVISORY BOARDS TAX TRANSITION COUNTRIES TRANSITION ECONOMIES TRANSPARENCY TREASURY TRUSTEE VALUATION VALUATIONS This assessment of the governance of the Czech insurance sector has three objectives: (1) develop a set of best practice benchmarks for assessing the governance of insurance sectors in the Europe and Central Asia Region and elsewhere, (2) conduct a trial assessment of the Czech insurance governance framework against these benchmarks, and (3) provide recommendations on ways of further improving the corporate governance of the Czech insurance sector. The benchmarks and the assessment are found in Annex I and a list of recommendations is presented in Annex II. As this is a pilot assessment, the final report should be seen as no more than a work-in-progress. Nevertheless, it is expected that it will play a useful role in contributing to guidelines for strong corporate governance of insurers in both developed and emerging markets. It could also lay the basis for further governance-based reforms of the Czech insurance sector and provide a baseline assessment for measurement of the reforms. 2013-03-18T20:14:05Z 2013-03-18T20:14:05Z 2006-03 http://documents.worldbank.org/curated/en/2006/03/16426773/czech-republic-pilot-assessment-governance-insurance-sector http://hdl.handle.net/10986/12795 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Policy Note Economic & Sector Work Europe and Central Asia Czech Republic |