Governance, Risk and Compliance - The British Virgin Islands Insurance Industry - New Market Report

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

* An overview of the insurance regulatory framework in the British Virgin Islands.
* 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 product in the country.
* Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in the British Virgin Islands.
* 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/1040123_governance_risk_compliance.aspx?afid=301

Report Highlights

* The British Virgin Islands insurance industry is regulated by the Financial Services Commission.
* Composite insurance is not permitted in the British Virgin Islands insurance industry.
* 100% FDI is permitted in the British Virgin Islands insurance industry.
* Motor third-party liability, social insurance system and marine third-party liability are the key classes of compulsory insurance in the British Virgin Island insurance industry.
* Non-admitted insurance is not permitted in the British Virgin Islands insurance industry.

Report Scope

* This report covers details of insurance regulatory framework in the British Virgin Islands .
* 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 business 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 the British Virgin Islands.
* Track latest regulatory changes and expected changes impacting the British Virgin Islands insurance industry.
* Gain detailed information about the key regulations governing 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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