ResearchReport

Governance, Risk and Compliance - The British Virgin Islands Insurance Industry

News   •   Aug 25, 2015 10:06 EDT

Synopsis

Timetric's 'Governance, Risk and Compliance - The British Virgin Islands Insurance Industry' report is the result of extensive research into the insurance regulatory framework in the British Virgin Islands . 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 operations 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, recent and upcoming changes in regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country.

Complete Report Available @ http://www.rnrmarketresearch.com/governance-risk-and-compliance-the-british-virgin-islands-insurance-industry-market-report.html .

Summary

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

  • An overview of the insurance regulatory framework in the British Virgin Islands.
  • The latest key changes and changes expected in the insurance regulatory framework in the country.
  • 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 the British Virgin Islands.
  • Key GRC parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency requirements, reserve requirements, and investment regulations.
  • Details of the tax and legal systems in the country

Buy a Copy of this Report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=411184 .

Scope

  • This report covers details of insurance regulatory framework in the British Virgin Islands .
  • The report contains details of 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 rules and regulations pertaining to the establishment and operation of insurance business in the country.
  • The report provides details of taxation imposed on insurance products and companies.
  • Details of the country's legal system are also covered in the report.

Reasons To Buy

  • Gain insights into the insurance regulatory framework in the British Virgin Islands.
  • Track latest regulatory changes and expected changes impacting the British Virgin Islands insurance industry.
  • Gain detailed information about the key regulations governing establishment and operation of insurance entities in the country.
  • Understand key regulations and market practices pertaining to various types of insurance product.

Ask Discount on this Report @ http://www.rnrmarketresearch.com/contacts/discount?rname=411184 .

Key Highlights

  • The British Virgin Islands insurance industry is regulated by the Financial Services Commission.
  • Composite insurance is not permitted in the British Virgin Islands insurance industry.
  • 100% FDI is permitted in the British Virgin Islands insurance industry.
  • Motor third-party liability, social insurance system and marine third-party liability are the key classes of compulsory insurance in the British Virgin Island insurance industry.
  • Non-admitted insurance is not permitted in the British Virgin Islands insurance industry.