Governance, Risk and Compliance in the Lao Insurance Industry 2017 – Research and Markets

DUBLIN--(BUSINESS WIRE)-- The "Governance, Risk and Compliance - The Lao Insurance Industry" report has been added to Research and Markets' offering.

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

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 MOF is the government regulatory authority of the Lao insurance industry.
• Composite insurance is not permitted in the Lao insurance industry.
• The government of Laos does not impose any restrictions on investment by foreign investors in the insurance industry.
• The placement of non-admitted insurance is not permitted in the insurance industry of Laos.
• The Insurance Law 2012, which replaced the Insurance Law 1990, is the principal law governing insurance business in the country.

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

Companies Mentioned

• Assurance Gnrales du Laos
• Tokojaya Lao Assurance Co Ltd
• PCT Asian Insurance Company Ltd

For more information about this report visit https://www.researchandmarkets.com/research/zc5f5q/governance_risk

View source version on businesswire.com: http://www.businesswire.com/news/home/20171018006035/en/

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Related Topics: Insurance

Source: Research and Markets