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

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

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

Full Report Details at
- http://www.fastmr.com/prod/1062364_governance_risk_compliance.aspx?afid=301

Report Highlights

* The Romanian insurance industry is regulated by the Financial Supervisory Authority (ASF).
* Foreign direct investment up to 100% is permitted in the Romanian insurance industry.
* Non-admitted insurance is not permitted in Romanian insurance industry. However, insurers from EU and EEA member states are permitted to operate in the country without a license.
* The Solvency II framework will introduce new risk management standards for insurers.
* Nuclear liability insurance, motor third-party liability insurance and insurance of dwellings against natural perils are compulsory insurance classes in Romania.

Report Scope

* The report covers details of the insurance regulatory framework in Romania.
* The report contains details of the 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 the 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 insurance companies.

Reasons to Get this Report

* Gain insights into the insurance regulatory framework in Romania.
* Track the latest regulatory changes, and expected changes impacting the Romanian 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.

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