Just Published: "Governance, Risk and Compliance - The Brunei Insurance Industry"

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

* An overview of the insurance regulatory framework in Brunei.
* The latest key changes and changes expected in Brunei'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 Brunei.
* 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."

Report Highlights

* Insurance industry in Brunei is regulated by the Monetary Authority of Brunei Darussalam.
* 100% FDI is Permitted in the Brunei insurance industry.
* The placement of non-admitted insurance and reinsurance are not permitted in Brunei.
* International Financial Reporting Standard (IFRS) was fully adopted by public companies including insurers in Brunei from January 1, 2014.
* Motor third-party liability insurance, professional indemnity insurance, oil pollution liability and workers' compensation insurance are the compulsory classes of insurance in Brunei."

Full Report Details at
- http://www.fastmr.com/prod/1019719_governance_risk_compliance.aspx?afid=301

Report Scope

* This report covers details of the insurance regulatory framework in Brunei.
* 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 Brunei 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.

Reasons to Get this Report

* Gain insights into the insurance regulatory framework in Brunei.
* Track latest regulatory changes and expected changes impacting the Brunei 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.

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