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Nigeria [electronic resource] : Publication of Financial Sector Assessment Program Documentation––Detailed Assessment of Observance of Insurance Core Principles.

Author/Creator:
International Monetary Fund. African Dept.
Publication:
Washington, D.C. : International Monetary Fund, 2013.
Series:
IMF eLibrary
IMF Staff Country Reports; Country Report No. 13/145.
IMF Staff Country Reports; Country Report No. 13/145
Format/Description:
Government document
Book
1 online resource (65 p.)
Local subjects:
Accident insurance.
Actuarial science.
Agricultural insurance.
Annual accounts.
Annual statements.
Applications.
Arbitrage.
Aviation insurance.
Capital requirements.
Commissioners.
Compulsory insurance.
Consumer protection.
Deposit insurance.
Financial reporting.
Financial Sector Assessment Program.
Fire insurance.
Group life insurance.
Health insurance.
Insolvent insurers.
Insurance.
Insurance activities.
Insurance brokers.
Insurance contracts.
Insurance funds.
Insurance industry.
Insurance markets.
Insurance premiums.
Insurance products.
Insurance regulations.
Insurance statistics.
Insurance supervision.
Insurance supervisors.
Internal controls.
Investment insurance.
Life insurance.
Life insurers.
Motor insurance.
Non- life insurance.
Non-life insurance.
Policyholders.
Reinsurance.
Reinsurance capacity.
Reinsurance companies.
Reinsurance treaty.
Reports on the Observance of Standards and Codes.
Retrocession.
Risk assessment.
Risk management.
Risk transfer.
Solvency requirements.
Supervisory framework.
Supervisory regime.
Underwriting.
Nigeria.
Summary:
Nigeria undertook a Financial Sector Assessment Program (FSAP), which included a review of the structure of Nigeria’s insurance market and the supervisory framework. The assessment was benchmarked against the Insurance Core Principles (ICPs) issued by the International Association of Insurance Supervisors (IAISs). It is advised that the National Insurance Commission (NAICOM) of Nigeria can expand the objective to include the creation of a fair, safe, and stable insurance sector for the benefit and protection of policyholders.
Notes:
Description based on print version record.
Contributor:
International Monetary Fund. African Dept.
Other format:
Print Version:
ISBN:
1484340884:
9781484340882
ISSN:
1934-7685
Publisher Number:
10.5089/9781484340882.002
Access Restriction:
Restricted for use by site license.
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