Governance, Risk and Compliance - The Papua New Guinean Insurance Industry - New Market Report

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

* An overview of the insurance regulatory framework in Papua New Guinea.
* The latest key changes and changes expected in the Papua New Guinean 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 Papua New Guinea.
* 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/1025013_governance_risk_compliance.aspx?afid=301

* The Papua New Guinean insurance industry is regulated by the Insurance Commissioner and the Central Bank.
* 100% FDI is permitted in the Papua New Guinean insurance industry.
* Non-admitted insurance is prohibited with a few exceptions.
* Composite insurance is not permitted in Papua New Guinea. However, life insurers can carry on personal accident and health insurance business.
* Workers' compensation and motor third-party liability insurance are the key compulsory classes of insurance.

* This report covers details of the insurance regulatory framework in Papua New Guinea.
* 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 Papua New Guinean 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.

* Gain insights into the insurance regulatory framework in Papua New Guinea.
* Track latest regulatory changes and expected changes impacting the Papua New Guinean 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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