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TMCNet:  Governance, Risk and Compliance in The Kyrgyz Insurance Industry 2017 - Research and Markets

[March 15, 2017]

Governance, Risk and Compliance in The Kyrgyz Insurance Industry 2017 - Research and Markets

Research and Markets has announced the addition of the "Governance, Risk and Compliance - The Kyrgyz Insurance Industry" report to their offering.

The "Governance, Risk and Compliance - The Kyrgyz Insurance Industry" report is the result of extensive research into the insurance regulatory framework in Kyrgyzstan.

It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.

The report brings together research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the contry. The report also includes the scope of non-admitted insurance in the country.

Key Highlights:

- The Kyrgyz insurance industry is regulated by the Financial Service Authority (FSA).

- Composite insurance is not permitted in Kyrgyzstan.

- 100% foreign direct investment is permitted in the Kyrgyz insurance industry.

- Non-admitted insurance is not permitted in Kyrgyzstan. However, reinsurance companies can operate in the country on a cross-border basis only, but underwriting should take place outside Kyrgyzstan.

- Employer's liability insurance, civil liability insurance for carriers of dangerous goods and passenger carrier's liability insurance are the classes of compulsory insurance in the Kyrgyzstan insurance industry.

Key Topics Covered:

1 Introduction

2 Governance, Risk and Compliance

2.1 Legislation Overview and Historical Evolution

2.2 Latest Changes in Regulation

2.3 Legislation and Market Practice by Type of Insurance

2.4 Compulsory Insurance

2.5 Supervision and Control

2.6 Non-Admitted Insurance Regulations

2.7 Company Registration and Operations

2.8 Taxation

2.9 Legal System

3 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/2tbz6m/governance_risk.


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