Wednesday 13 January 2016

Mozambican Insurance Market Governance, Risk and Compliance Market Analysis and Forecast 2015

Timetric's 'Governance, Risk and Compliance - The Mozambican Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Mozambique. 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 Timetric's 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.

Scope

The report covers details of the insurance regulatory framework in Mozambique. The report contains details of the rules and regulations governing insurance products and insurance entities. The report lists and analyzes key trends and developments pertaining to the country's insurance regulatory framework. The report analyzes the rules and regulations pertaining to the establishment and operation of insurance businesses in the country. The report provides details of taxation imposed on insurance products and insurance companies.

Reasons To Buy

Gain insights into the insurance regulatory framework in Mozambique. Track the latest regulatory changes, and expected changes impacting the Mozambican insurance industry. Gain detailed information about the key regulations governing the establishment and operation of insurance entities in the country. Understand key regulations and market practices pertaining to various types of insurance product.

Key Highlights

The Mozambican insurance industry is regulated by the Instituto de Supervisao de Seguros de Mocambique. Key classes of compulsory insurance include motor third-party liability insurance, aviation liability insurance and professional indemnity insurance for insurance brokers and agents. Composite insurance is permitted in Mozambique. 100% FDI is permitted in the Mozambican insurance industry. Non-admitted insurance is permitted by the ISSM only when domestic insurers are not providing such coverage.

Table Of Content

1 Introduction
1.1 What is this Report About?
1.2 Definitions


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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
2.3.1 Life insurance
2.3.2 Property insurance
2.3.3 Motor insurance
2.3.4 Liability insurance
2.3.5 Marine, aviation and transit insurance
2.3.6 Personal accident and health insurance
2.4 Compulsory Insurance
2.4.1 Motor third-party liability insurance
2.4.2 Social security system
2.4.3 Professional indemnity insurance for insurance intermediaries
2.4.4 Aviation liability insurance
2.5 Supervision and Control
2.5.1 International Association of Insurance Supervisors (IAIS)
2.5.2 African Insurance Organization (AIO)
2.5.3 Instituto de Supervisao de Seguros de Mocambique
2.6 Non-Admitted Insurance Regulations
2.6.1 Overview
2.6.2 Intermediaries
2.6.3 Market practices
2.6.4 Fines and penalties
2.7 Company Registration and Operations
2.7.1 Types of insurance organization
2.7.2 Establishing a local company

Browse Full Report @ http://www.hexareports.com/report/governance-risk-and-compliance-the-mozambican-insurance-industry


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Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.


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