DUBLIN--(BUSINESS WIRE)--The "Governance, Risk and Compliance - The Panamanian Insurance Industry" report has been added to ResearchAndMarkets.com's offering.
The 'Governance, Risk and Compliance - The Panamanian Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Panama.
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 Panamanian insurance industry is regulated by the Superintendent of Insurance and Reinsurance, under the supervision of the Ministry of Commerce and Industries.
- The Panamanian government permits up to 100% foreign direct investment in the insurance industry.
- Insurance premium tax is imposed at 2% for gross premium on all types of insurance.
- Non-admitted insurers are not permitted in the industry. However, there are some exceptions.
- Motor third-party liability insurance for passengers on buses and third-party liability for passengers on planes are compulsory.
Key Topics Covered:
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
2.9 Legal System
For more information about this report visit https://www.researchandmarkets.com/research/7x2fzp/governance_risk?w=4