New Market Report: Governance, Risk and Compliance - The Malaysian Insurance Industry

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

* An overview of the insurance regulatory framework in Malaysia.
* The latest key changes and changes expected in the Malaysian 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 Malaysia.
* 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/1032816_governance_risk_compliance.aspx?afid=301

Report Highlights

* The Malaysian insurance industry is regulated by Central Bank of Malaysia, under the Ministry of Finance.
* The life and non-life insurance businesses in Malaysia are regulated by the provisions of the Insurance Act 1996 and its subsidiary legislation, the Insurance Regulation 1996.
* The Malaysian government permits FDI up to a limit of 70%.
* Non-admitted insurers and intermediaries are not permitted in the Malaysian insurance industry.
* Motor third-party liability insurance and workmen's compensation insurance are compulsory in Malaysia.
* The Financial Services Act 2013 was introduced on June 30, 2013.

Report Scope

* This report covers details of the insurance regulatory framework in Malaysia.
* 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 Malaysian insurance regulatory framework.
* The report analyzes 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 companies.

Reasons to Get this Report

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

Companies Mentioned in this Report: Overseas Assurance Corporation (Malaysia) Berhad, Pos Malaysia

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Governance, Risk and Compliance - The Indian Insurance Industry
- Governance, Risk and Compliance - The Swiss Insurance Industry
- Governance, Risk and Compliance - The Chinese Insurance Industry
- Governance, Risk and Compliance - The Hong Kong Insurance Industry
- Governance, Risk and Compliance - The Chilean Insurance Industry