New Market Report: Governance, Risk and Compliance - The Hungarian Insurance Industry

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

* An overview of the insurance regulatory framework in Hungary.
* 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 Hungary.
* 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.

Report Highlights

* The new Solvency II regime is applicable from January 1, 2016.
* The Hungarian insurance industry is regulated by the Central Bank of Hungary (Magyar Nemzeti Bank - MNB).
* Composite insurance is not allowed in Hungary. However, a life insurance company can underwrite accident and health insurance.
* Non-admitted insurance is prohibited in Hungary. However, insurance and reinsurance companies from EEA and EU member states are permitted to operate without a license.
* Motor third-party liability insurance is mandatory in Hungary.

Full Report Details at
- http://www.fastmr.com/prod/1135607_governance_risk_compliance.aspx?afid=301

Report Scope

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

About Fast Market Research

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For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

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