The Institute for the Supervision of Insurance (in Italian Istituto per la vigilanza sulle assicurazioni also known as IVASS) is the Italian insurance supervisory authority, an independent authority responsible for supervising and regulating all
insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...
business in
Italy
Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical re ...
. Effective January 1, 2013, the former insurance authority, ISVAP, transferred all its assets and responsibilities to the Italian Insurance Supervisory Authority, which had a new governance, integrated with that of
Banca d'Italia
The Bank of Italy (Italian: ''Banca d'Italia'', informally referred to as ''Bankitalia''), (), is the central bank of Italy and part of the European System of Central Banks. It is located in Palazzo Koch, via Nazionale, Rome. The bank's curre ...
.
Bylaws of the ''Italian Insurance Supervisory Authority'', also translated as ''Institution for the supervision of insurance'' - IVASS
The President of IVASS is the Senior Deputy Governor of the Banca d'Italia
The Bank of Italy (Italian: ''Banca d'Italia'', informally referred to as ''Bankitalia''), (), is the central bank of Italy and part of the European System of Central Banks. It is located in Palazzo Koch, via Nazionale, Rome. The bank's curre ...
, Fabio Panetta.
See also
*
*Lamfalussy process
The Lamfalussy process is an approach to the development of financial service industry regulations used by the European Union. Originally developed in March 2001, the process is named after the chair of the EU advisory committee that created it, ...
*European Commissioner for Internal Market and Services
The Commissioner for Internal Market is a member of the European Commission. The post is currently held by Commissioner Thierry Breton.
Responsibilities
The portfolio concerns the development of the 480-million-strong European single market, pr ...
*European System of Financial Supervisors
The European System of Financial Supervision (ESFS) is the framework for financial supervision in the European Union that has been in operation since 2011. The system consists of the ''European Supervisory Authorities'' (ESAs), the European Syste ...
*European Banking Authority
The European Banking Authority (EBA) is a regulatory agency of the European Union headquartered in Paris. Its activities include conducting stress tests on European banks to increase transparency in the European financial system and identifying ...
*European Securities and Markets Authority
The European Securities and Markets Authority (ESMA) is an independent European Union Authority located in Paris.
ESMA replaced the Committee of European Securities Regulators (CESR) on 1 January 2011. It is one of the three new European Supe ...
*European Systemic Risk Board
The European Systemic Risk Board () is a group established on 16 December 2010 in response to the ongoing financial crisis. It is tasked with the macro-prudential oversight of the financial system within the European Union in order to contrib ...
Notes
External links
Official IVASS−Italian Insurance Supervisory Authority website
Regulation in Italy
Insurance industry organizations
Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...
Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...
Financial regulatory authorities of Italy
Insurance supervisory authorities
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