Governance, Risk and Compliance in The Namibian Insurance Industry 2017 – Research and Markets

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

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

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 Namibian insurance industry is regulated and supervised by the NAMFISA.

- Employee's compensation, motor third-party liability and social security insurance are compulsory classes of insurance in Namibia.

- 100% foreign direct investment is permitted in the Namibian insurance industry.

- Composite insurance is not permitted in the Namibian insurance industry.

- VAT at a rate of 15% is applicable on insurance products and services.

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/mnlsqt/governance_risk

View source version on businesswire.com: http://www.businesswire.com/news/home/20170418006044/en/

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Source: Research and Markets