"Governance, Risk and Compliance - The Panamanian Insurance Industry" Published

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

* An overview of the insurance regulatory framework in Panama.
* 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 Panama.
* 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/1108189_governance_risk_compliance.aspx?afid=301

Report Highlights

* The Panamanian insurance industry is regulated by the Superintendent of Insurance and Reinsurance, under the supervision of the Ministry of Commerce and Industries.
* The Panamanian government permits up to 100% foreign direct investment in the insurance industry.
* Insurance premium tax is imposed at 2% for gross premium on all types of insurance.
* Non-admitted insurers are not permitted in the industry. However, there are some exceptions.
* Motor third-party liability insurance for passengers on buses and third-party liability for passengers on planes are compulsory.

Report Scope

* The report covers details of the insurance regulatory framework in Panama.
* 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 Panama.
* Track the latest regulatory changes, and expected changes impacting the Panamanian 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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