Governance, Risk and Compliance - The Mongolian Insurance Industry - New Study Released

From: Fast Market Research, Inc.
Published: Tue Oct 13 2015

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

* An overview of the insurance regulatory framework in Mongolia
* The latest key changes and changes expected in the Mongolian 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 Mongolia
* Key parameters including permitted foreign direct investment, licensing, minimum capital, solvency and reserve requirements, and investment regulations
* Details of the tax and legal systems in the country

Full Report Details at

Report Highlights

* The Financial Regulatory Commission (FRC) of Mongolia is the government regulatory body supervising and regulating the insurance and reinsurance industry.
* The FRC does not permit composite insurance in the Mongolian insurance industry.
* The government of Mongolia permits 100% foreign direct investment (FDI) in the insurance industry of the country.
* The government of Mongolia does not levy any tax on insurance premiums. Corporate income tax is levied at 10%.
* The placement of non-admitted insurance is not permitted in Mongolia. However, foreign reinsurers are permitted to promote and sell insurance products in the country.

Report Scope

* This report covers details of the insurance regulatory framework in Mongolia.
* The report contains details of rules and regulations governing insurance products and entities.
* The report lists and analyzes key trends and developments relating to the Mongolian insurance regulatory framework.
* The report analyzes rules and regulations relating to the establishment and operation of insurance businesses in the country.
* The report provides details of taxation imposed on insurance products and companies.
* An overview of the country's legal system is also included in the report.

Reasons to Get this Report

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

About Fast Market Research

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Contact Name: Bill Thompson
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