ResearchMoz: South African Insurance Industry - Governance, Risk and Compliance

Researchmoz added Most up-to-date research on "ResearchMoz: South African Insurance Industry - Governance, Risk and Compliance" to its huge collection of research reports.

Synopsis
Timetric's 'Governance, Risk and Compliance – The South African Insurance Industry' report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in South Africa, including:
An overview of the insurance regulatory framework in South Africa.
The latest key and expected changes in the South African insurance regulatory framework.
Key regulations and market practices related to different types of insurance product in the country.
Regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in South Africa.
Key GRC parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency requirements, reserve requirements, and investment regulations.
Details of the country's tax and legal systems.

Executive summary

Timetric’s 'Governance, Risk and Compliance - The South African Insurance Industry' report is the result of extensive research into the insurance regulatory framework in South Africa. 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.

Make an Enquiry of this report @ http://www.researchmoz.us/enquiry.php?type=E&repid=308723

Scope
This report covers details of the insurance regulatory framework in South Africa.
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 South African 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.

Key highlights

The South African insurance industry is supervised and regulated by the FSB.
The placement of non-admitted insurance is permitted only with an approval from the FSB, provided no other insurer is providing such insurance at equitable terms.
A new risk-based solvency regime will be implemented effective from January 1, 2016.
The key classes of compulsory insurance include motor third-party liability insurance, aviation third-party liability insurance and public liability insurance.
FSB is in the process of implementing Treating Customers Fairly approach to deliver fair outcome to the customers throughout the lifecycle of the financial product.

Reasons to buy
Gain insight into the insurance regulatory framework in South Africa.
Track the latest regulatory and expected changes impacting the South African insurance industry.
Gain detailed information about key regulations governing the establishment and operation of insurance entities in the country.
Understand key regulations and market practices relating to various types of insurance product.

To Get Sample Copy of Report visit @ http://www.researchmoz.us/enquiry.php?type=S&repid=308723

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This release was published on openPR.