Financial Sector Assessment Program - Republic of Korea : Insurance Core Principles

This report is an assessment of Korea's compliance with International Association of Insurance Supervisors' Insurance Core Principles (ICPs), as adopted in October 2011. The review was carried out as part of the 2013 Financial Sector Asse...

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Bibliographic Details
Main Authors:	World Bank, International Monetary Fund
Format:	Financial Sector Assessment Program (FSAP)
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCESS TO INFORMATION ACCOUNTING ACCOUNTING STANDARDS ACTUARIES AGENTS ASSET MANAGEMENT ASSET-LIABILITY MANAGEMENT ASSETS ASSURANCE AUDIT COMMITTEE AUDITORS BALANCE SHEET BANK CREDIT BANK HOLDING BANKRUPTCY BENEFICIARIES BOND BONDS BROKER BROKERS CAPACITY DEVELOPMENT CAPITAL ADEQUACY CAPITAL FLOWS CAPITAL MARKETS CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CAPITAL TREATMENT CEDANT CIVIL LAWS COMMISSIONERS COMPENSATION COMPETITIVE MARKET CONFIDENTIALITY CONSUMER PROTECTION CONTINGENCY PLANNING CORPORATE GOVERNANCE CORPORATE GOVERNANCE FRAMEWORK COVERAGE CREDIT COOPERATIVES CREDIT GUARANTEE CREDIT RISK CREDIT STANDING CREDIT UNIONS CROSS-BORDER COOPERATION CUSTOMER INFORMATION DEMOGRAPHIC DEPOSIT DEPOSIT INSURANCE DISCLOSURE GUIDELINES DISCLOSURE OF INFORMATION DISCLOSURE REQUIREMENTS DISCOUNT RATES DOMESTIC EXCHANGE DOMESTIC MARKET DUE DILIGENCE ENVIRONMENTAL FACTORS ETHICAL BEHAVIOR EXPOSURE EXPOSURES FAIR VALUE FINANCIAL CRISIS FINANCIAL DEVELOPMENTS FINANCIAL EDUCATION FINANCIAL INDUSTRY FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKET DEVELOPMENTS FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL SECTOR FINANCIAL SECTOR POLICY FINANCIAL SERVICES FINANCIAL STATEMENT FINANCIAL TRANSACTION FOREIGN EXCHANGE FOREIGN INSURERS GENERAL INSURANCE GLOBAL FINANCIAL SERVICES GOVERNANCE PROCEDURES HOLDING COMPANIES HOLDING COMPANY HOLDINGS INDEPENDENT JUDICIARY INSPECTIONS INSURANCE INSURANCE ACTIVITIES INSURANCE COMPANY INSURANCE CORPORATION INSURANCE FRAUD INSURANCE INDUSTRY INSURANCE MARKET INSURANCE MARKETS INSURANCE PENETRATION INSURANCE PRODUCTS INSURANCE REGULATION INSURANCE SUPERVISION INSURANCE SUPERVISORS INSURER INSURERS INTEGRITY INTEREST RATE INTEREST RATE SPREADS INTEREST RATES INTERNAL AUDIT INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL BANK INTERNATIONAL COOPERATION INTERNATIONAL STANDARDS INVESTIGATIONS INVESTMENT ACTIVITIES INVESTMENT MANAGEMENT INVESTMENT POLICIES INVESTMENT POLICY INVESTMENT REGULATIONS JURISDICTION JURISDICTIONS LAWS LEGAL FRAMEWORK LEGAL INSTRUMENTS LEGAL PROTECTION LEGAL SYSTEM LIABILITY LIFE INSURANCE COMPANIES LIFE INSURERS LIQUID MARKET LIQUIDITY LIQUIDITY RISK LOCAL MARKET MARKET CONCENTRATION MARKET CONDITIONS MARKET DISCIPLINE MARKET INFORMATION MARKET PARTICIPANTS MARKET SHARE MINIMUM CAPITAL REQUIREMENTS MONETARY POLICY MONEY LAUNDERING MOTOR INSURANCE NON-BANK NON-LIFE INSURANCE PAYMENT OF DIVIDENDS POINT OF SALE POLICYHOLDERS PORTFOLIO PREMIUMS PRICE STABILITY PRIVACY PRIVATE SECTOR DEVELOPMENT PROFITABILITY PROPERTY RIGHTS PROTECTION OF POLICYHOLDERS PRUDENTIAL SUPERVISION REAL ESTATE RECIPROCITY REGULATORS REGULATORY CAPITAL REGULATORY FRAMEWORK REGULATORY REQUIREMENT REGULATORY REQUIREMENTS REGULATORY STRUCTURE REINSURANCE REINSURANCE CONTRACT REINSURANCE CONTRACTS REINSURANCE REQUIREMENTS REINSURERS RESERVES RETIREMENT SAVINGS RETURN RETURNS RISK ASSESSMENT RISK EXPOSURE RISK MANAGEMENT RISK MANAGEMENT POLICIES RISK MANAGEMENT PROCESS RISK MANAGEMENT SYSTEMS RISK PROFILES RISK TRANSFER SAVINGS SECURITIES SECURITIES MARKET SHAREHOLDER SHAREHOLDERS SOLVENCY SUPERVISORY AGENCIES SUPERVISORY AGENCY SUPERVISORY FRAMEWORK SUPERVISORY SYSTEM TERRORISM TITLE INSURANCE TRANSACTION INFORMATION TRANSPARENCY UNDERWRITING VALUATION VALUATION SYSTEM VALUATIONS WITHDRAWAL
Online Access:	http://documents.worldbank.org/curated/en/2014/05/19798094/korea-insurance-core-principles-detailed-assessment-observance http://hdl.handle.net/10986/19298