DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Governance, Risk and Compliance - The UK Insurance Industry" report to their offering.
The 'Governance, Risk and Compliance - The UK Insurance Industry report' is the result of extensive research into the insurance regulatory framework in UK.
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-admitted insurance in the country.
- The FSA was replaced by two new regulatory bodies - PRA and FCA on April 1, 2013.
- Solvency II came into force in the UK from January 1, 2016, which introduced new risk management standards for insurers.
- The favorable FDI regime allows up to 100% foreign participation in the UK insurance industry.
- Non-admitted insurance is not allowed in the UK. However, insurance companies from other member states of the EEA are permitted to operate in the country and are exempted from authorization.
- Employer's liability and motor third-party liability insurance are the key compulsory classes of insurance.
Key Topics Covered:
2 Governance, Risk and Compliance
2.1 Legislation Overview and Historical Evolution
2.2 Latest Regulatory Changes
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
2.9 Legal System
For more information about this report visit http://www.researchandmarkets.com/research/pkrfhb/governance_risk