DUBLIN--(BUSINESS WIRE)--The "Governance, Risk and Compliance - The Pakistani Insurance Industry" report has been added to ResearchAndMarkets.com's offering.
The 'Governance, Risk and Compliance - The Pakistani Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Pakistan.
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 SECP is the regulatory body for supervising and regulating the insurance industry.
- The government of Pakistan allows 100% FDI in the country's insurance industry.
- Non-admitted insurance is not permitted in Pakistan. However, unlicensed insurers are permitted to sell reinsurance and marine export cargo insurance contracts in the country.
- Compulsory classes of insurance include motor third-party liability insurance and workmen's compensation insurance.
- Composite insurance is not permitted in Pakistan.
- The SECP has proposed to increase minimum capital requirements for insurers.
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/k7v8kr/pakistani?w=4