Market Report, "Governance, Risk and Compliance - The Yemeni Insurance Industry", published

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

* An overview of the insurance regulatory framework in Yemen
* 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 Yemen
* 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

Report Highlights

* The Ministry of Industry and Trade, the regulatory authority, is responsible for the protection of consumer interests and the development of the insurance industry.
* Foreign direct investment in a Yemeni insurance company is allowed up to a maximum of 49%. However, foreign reinsurers can open branches in Yemen by obtaining a license from the Ministry of Industry and Trade.
* The government of Yemen is planning to introduce the Social Health Insurance Law in the country, which will make health insurance mandatory for government employees.
* Non-admitted insurance is not permitted in Yemen.
* Insurance companies operating in Yemen are not subject to solvency requirement.

Full Report Details at
- http://www.fastmr.com/prod/1073483_governance_risk_compliance.aspx?afid=301

Report Scope

* The report covers details of the insurance regulatory framework in Yemen.
* 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 Get this Report

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

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