Insurance Technology Industry News

TMCNet:  Sierra Leone Insurance Industry Governance, Risk and Compliance Report 2017 - ResearchAndMarkets.com

[March 12, 2018]

Sierra Leone Insurance Industry Governance, Risk and Compliance Report 2017 - ResearchAndMarkets.com

The "Governance, Risk and Compliance - The Sierra Leonean Insurance Industry" report has been added to ResearchAndMarkets.com's offering.

The 'Governance, Risk and Compliance - The Sierra Leonean Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Sierra Leone.

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 te country. The report also includes the scope of non-admitted insurance in the country.

Key Highlights:

  • The Sierra Leonean insurance industry is regulated by the Sierra Leone Insurance Commission (Slicom).
  • Motor third-party liability insurance, professional indemnity for brokers, medical professionals insurance and employers' liability insurance are compulsory classes of insurance.
  • Composite insurance is permitted in Sierra Leone.
  • 100% FDI is permitted in the Sierra Leonean insurance industry.
  • Non-admitted insurance is not permitted in the Sierra Leonean insurance industry.

Key Topics Covered:

1 Introduction

2 Governance, Risk and Compliance

2.1 Legislation Overview and Historical Evolution

2.2 Latest Changes in Regulations

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

Companies Mentioned

  • African Risk Capacity Ltd
  • Africa Re

For more information about this report visit https://www.researchandmarkets.com/research/2l58wj/sierra_leone?w=4


[ Back To Insurance Technology's Homepage ]