REGULATION OF INSURANCE COMPANIES BY THE PRUDENTIAL APPROACH

Abstract

The definition for the content, forms and methods of the prudential approach seems appropriate to the insurance regulation. The system of prudential regulation has the macro- and the micro- levels. The macro-prudential oversight basis is the control to the systemic risks and supervision to the systemically important insurance organizations. Microprudentsial level involves the establishment of the list of prudential standards and supervision of their implementation by insurance companies.

Keywords

• insurance activities
• regulation
• prudential supervision
• macro-prudential regulation
• prudential standart
• systemically important insurance company