Insurance supervision

Insurance supervision refers to the oversight and regulation of insurance companies by a government authority or regulatory body. Its purpose is to ensure these companies operate fairly, maintain financial stability, and protect policyholders’ interests. This involves monitoring their financial health, adherence to laws, and ethical practices. Regular assessments and rules help prevent insolvencies, fraud, and unfair treatment, fostering trust in the insurance industry. Ultimately, insurance supervision aims to create a secure environment where insurers can fulfill their promises to clients, contributing to overall economic stability.