Evaluating Federal and Provincial Solvency Standards in Canada

dc.contributor.authorNielson, Normaeng
dc.date.accessioned2011-01-27T23:27:12Z
dc.date.available2011-01-27T23:27:12Z
dc.date.issued2009
dc.descriptionArticle deposited after permission was granted by publisher, 01/11/2011.eng
dc.description.abstractThis article benchmarks solvency supervisory system for the federal and provincially- licensed companies who write insurance in Canada against/The IAIS Common Structure for the Assessment of Insurer Solvency/. The federal regulator (OSFI) is the only one with statutory authority that provides both sufficient power and flexibility to be considered as meeting the core principles of IAIS. At the provincial level, the insurance supervisory system in some provinces falls short of the international standards to varying degrees and, by extension, the practices of the federal insurance regulator. Alberta, British Columbia, and Québec are not far behind. All other Canadian provinces exhibit extensive deficiencies when compared against international standards.eng
dc.description.refereedYeseng
dc.identifier.citationNielson, N. L. Evaluating Federal and Provincial Solvency Standards in Canada Insurance and Risk Management, Vol. 76, No. 4 (January 2009), pp. 39-56.eng
dc.identifier.doihttp://dx.doi.org/10.11575/PRISM/33987
dc.identifier.issn1705-7299
dc.identifier.urihttp://hdl.handle.net/1880/48397
dc.language.isoengeng
dc.publisherHEC Montrealeng
dc.publisher.corporateUniversity of Calgaryeng
dc.publisher.facultyHaskayne School of Businesseng
dc.publisher.urlhttp://neumann.hec.ca/assurances-revue/en/eng
dc.titleEvaluating Federal and Provincial Solvency Standards in Canadaeng
dc.typejournal article
thesis.degree.disciplineRisk Management & Insuranceeng
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