ResearchMoz.us includes new market research report " Governance, Risk and Compliance - The Burundian Insurance Industry: Global Market Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.
'Governance, Risk and Compliance - The Burundian Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Burundi. 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.
View report details with TOC at: http://www.researchmoz.us/governance-risk-and-compliance-the-burundian-insurance-industry-report.html
The report brings together 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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Scope:-
This report covers details of the insurance regulatory framework in Burundi.
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 Burundian insurance regulatory framework.
The repot 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.
Sample of Table Of Content:-
1 Introduction
1.1 What is this Report About?
1.2 Definitions
2 Governance, Risk and Compliance
2.1 Legislation Overview and Historical Evolution
2.2 Latest Changes in Regulations
2.3 Legislation and Market Practice by Type of Insurance
2.3.1 Life insurance
2.3.2 Property insurance
2.3.3 Motor insurance
2.3.4 Liability insurance
2.3.5 Marine, aviation and transit insurance
2.3.6 Personal accident and health insurance
2.4 Compulsory Insurance
2.4.1 Motor third-party liability insurance
2.4.2 Professional indemnity insurance for doctors
2.4.3 Professional indemnity insurance for lawyers
2.4.4 Civil liability insurance for operators of commercial buildings against fire or explosion
2.4.5 Insurance for administrative buildings against fire or explosion
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Key highlights:-
- The Burundian insurance industry is governed by the Agency of Regulation and Insurance Supervision (Agence de Régulation et de Contrôle des Assurances – ARCA)
- 100% FDI is permitted in the Burundian insurance industry.
- Composite insurance is not permitted in Burundi.
- Non-admitted insurance is not permitted by law. However, risks for which local capacity is not available are permitted to be placed with unauthorized insurers.
- Effective from January 2014, new insurance law – the Insurance Code 2014 – was introduced repealing the Decree Law No. 1/18 on Compulsory Insurance of Civil Liability for Motor Vehicles, the Insurance Law 2002 and the Insurance Contract Law 2002.
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