Report Published: "Governance, Risk and Compliance - The Barbadian Insurance Industry"

From: Fast Market Research, Inc.
Published: Wed Sep 09 2015

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

* An overview of insurance regulatory framework in Barbados
* The latest key changes and changes expected in the insurance regulatory framework in the country
* Key regulations and market practices related to different types of insurance products in the country
* Rules and regulations pertaining to key classes of compulsory insurance and the scope of non-admitted insurance in Barbados
* 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

Report Highlights

* The Barbados insurance industry is regulated by the Financial Services Commission.
* Motor third-party liability insurance and professional indemnity for insurance brokers are mandatory in Barbados.
* Composite insurance is permitted in Barbados.
* The Barbadian government permits 100% foreign direct investment.
* Non-admitted insurance is prohibited in Barbados. However, if local capacity is not available, an insured can obtain insurance from non-admitted insurer.

Report Scope

* This report covers details of the insurance regulatory framework in Barbados.
* 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 country's 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.
* Details of the country's legal system are also covered in the report.

Reasons to Get this Report

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

Companies Mentioned in this Report: British American Insurance Company, Amphora Life Insurance, Sun General Insurance, CGI Consumers' Guarantee Insurance Company, United Insurance Company Limited, Lincoln National Reinsurance Company

About Fast Market Research

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For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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