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

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

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

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 Saint Lucian insurance industry is regulated by the Financial Sector Supervision Unit.

- Composite insurance is permitted in Saint Lucia

- Non-admitted insurance is not permitted in the Saint Lucian insurance industry, with a few exceptions.

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

- Motor third-party liability and professional indemnity cover for insurance brokers are compulsory classes of insurance.

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/r8vxwb/governance_risk

View source version on businesswire.com: http://www.businesswire.com/news/home/20170418006089/en/

Research and Markets

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Related Topics: Insurance

Source: Research and Markets