Transparency in insurance regulation and supervisory law in Italy

Abstract

This chapter aims at illustrating the evolving meaning of the notion of transparency in Italian insurance regulation and supervisory law. Transparency becomes the standard for ascertaining whether the organisational and behavioural conduct of the supervised entities achieves the objective of protecting the insured. At the same time, transparency is required of the supervisory authority to ensure the proper performance of his duties towards the supervised entities and stakeholders in the insurance market. In this sense, transparency not only concerns supervision but also permeates the regulatory activity of the authority.