Governance, Risk and Compliance - The Swazi Insurance Industry - New Market Study Published

From: Fast Market Research, Inc.
Published: Wed Aug 26 2015

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

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

Full Report Details at

* The Swazi insurance industry is regulated by the Financial Services Regulatory Authority (FSRA).
* 100% FDI is permitted in Swazi insurance industry.
* Motor third-party liability insurance and worker's compensation insurance are mandatory classes of insurance in Swaziland.
* Non-admitted insurance is prohibited in Swaziland. However, the FSRA may permit the placement of non-admitted contract if local capacity is not available.
* Corporate income tax rate was reduced to 28.5% from the earlier rate of 30% starting from December 31, 2013.

Report Scope

* This report covers details of the insurance regulatory framework in Swaziland.
* 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 Swazi insurance regulatory framework.
* The repot 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 Swaziland.
* Track latest regulatory changes and expected changes impacting the Swazi 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: Munich Reinsurance Company Ltd, Cougar Investment Holdings Ltd, Inba Holdings Ltd, Public Services Pension Fund, Zurich Insurance Company South Africa Ltd, Old Mutual Life Assurance Company South Africa, South African Eagle Insurance Ltd

About Fast Market Research

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