Newly released market study: Governance, Risk and Compliance - The Indian Insurance Industry

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

* An overview of the insurance regulatory framework in India.
* 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 India.
* 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/1135595_governance_risk_compliance.aspx?afid=301

Report Highlights

* The Indian insurance industry is regulated and governed by IRDAI.
* The practice of non-admitted insurance is limited to the reinsurance segment.
* Foreign direct investment (FDI) limit in the Indian insurance industry was increased from 26% to 49% with the enactment of the Insurance Law (Amendment) Act 2015 in March 2015.
* Composite insurance is not permitted in the Indian insurance industry.
* IRDAI is planning to adopt risk-based solvency requirements for insurance companies operating in India.

Report Scope

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