Romanian Insurance Industry Governance, Risk and Compliance Report 2016 - Research and Markets

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

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

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.

Key Highlights:

  • The Romanian insurance industry is regulated by the Financial Supervisory Authority (ASF).
  • Foreign direct investment up to 100% is permitted in the Romanian insurance industry.
  • Non-admitted insurance is not permitted in Romanian insurance industry. However, insurers from EU and EEA member states are permitted to operate in the country without a license.
  • The Solvency II framework will introduce new risk management standards for insurers.
  • Nuclear liability insurance, motor third-party liability insurance and insurance of dwellings against natural perils are compulsory insurance classes in Romania.

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

For more information about this report visit http://www.researchandmarkets.com/research/73t2k9/governance_risk

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Insurance

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Insurance