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

[March 12, 2018]

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

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

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

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 country. The report also includes the Scope of non-amitted insurance in the country.

Summary:

  • An overview of the insurance regulatory framework in Suriname.
  • 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 Suriname.
  • 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.

Key Highlights:

  • The Surinamese insurance industry is supervised and regulated by the Central Bank of Suriname.
  • 100% foreign direct investment is permitted in the Surinamese insurance industry.
  • The government of Suriname has adopted a social security system in September 2014.
  • Non-admitted insurance is prohibited in Suriname. However, foreign reinsurers can operate on a cross-border basis provided the underwriting takes place outside Suriname.
  • Motor third-party liability insurance, health insurance and workers compensation insurance are compulsory classes of insurance.

For more information about this report visit https://www.researchandmarkets.com/research/5n98lv/suriname?w=4


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