Newly released market study: Governance, Risk and Compliance - The Andorran Insurance Industry

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

* An overview of the insurance regulatory framework in Andorra.
* The latest key changes and changes expected in the Andorran 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 Andorra.
* 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.

Full Report Details at
- http://www.fastmr.com/prod/1021020_governance_risk_compliance.aspx?afid=301

Report Highlights

* The Andorran insurance industry is regulated by the Ministry of Finance.
* 100% FDI is permitted in the Andorran insurance industry.
* Reinsurance premiums paid overseas are subject to withholding tax at a rate of 1.5%.
* Non-admitted insurance is not permitted, with a few exceptions.
* Motor third-party liability insurance, workers' compensation insurance and health insurance are compulsory in Andorra.

Report Scope

* This report covers details of the insurance regulatory framework in Andorra.
* 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 insurance regulatory framework in Andorra.
* 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.
* Legal system prevailing in the country has also been covered under the purview of the report.

Reasons to Get this Report

* Gain insights into the insurance regulatory framework in Andorra
* Track latest regulatory changes and expected changes impacting the Andorran 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 pertaining to various types of insurance product.

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