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Governance, Risk and Compliance - The Colombian Insurance Industry Research Reports: ken-Research

Press Release   •   Jan 13, 2016 10:20 IST

It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country.

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The report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in Colombia, including:

An overview of the insurance regulatory framework in Colombia.

The latest key changes, and changes expected in the country’s insurance regulatory framework.

Key regulations and market practices related to different types of insurance product in the country.

Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in Colombia.

Key parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations.

Details of the tax and legal systems in the country.

Scope

The report covers details of the insurance regulatory framework in Colombia.

The report contains details of the rules and regulations governing insurance products and insurance entities.

The report lists and analyzes key trends and developments pertaining to the country’s insurance regulatory framework.

The report analyzes the rules and regulations pertaining to the establishment and operation of insurance businesses in the country.

The report provides details of taxation imposed on insurance products and insurance companies.

Reasons To Buy

Gain insights into the insurance regulatory framework in Colombia.

Track the latest regulatory changes, and expected changes impacting the Colombian insurance industry.

Gain detailed information about the key regulations governing the establishment and operation of insurance entities in the country.

Understand key regulations and market practices pertaining to various types of insurance product.

Key Highlights

The Colombian insurance industry is regulated by the Financial Superintendence of Colombia.

Non-admitted insurance is prohibited in Colombia but there are few exceptions.

A free trade agreement between United States and Colombia, CTPA, was entered into force on May 15, 2012.

There is no insurance premium tax (IPT) in Colombia.

Foreign investors are allowed to have 100% ownership in the insurance companies of Colombia.

Source: https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/governance-risk-compliance-colombian-insurance-industry/4790-93.html

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Ken ResearchAnkur Gupta,

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Ankur@kenresearch.com

+91-9015378249

It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries. more details visit : www.kenresearch.com