Governance, Risk and Compliance – The Yemeni Insurance Industry

By a News Reporter-Staff News Editor at Managed Care Weekly Digest -- Research and Markets (http://www.researchandmarkets.com/research/zqlnw5/governance_risk) has announced the addition of the "Governance, Risk and Compliance - The Yemeni Insurance Industry" report to their offering (see also Health Insurance).

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

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. Key Highlights: - The Ministry of Industry and Trade, the regulatory authority, is responsible for the protection of consumer interests and the development of the insurance industry.

- Foreign direct investment in a Yemeni insurance company is allowed up to a maximum of 49%. However, foreign reinsurers can open branches in Yemen by obtaining a license from the Ministry of Industry and Trade.

- The government of Yemen is planning to introduce the Social Health Insurance Law in the country, which will make health insurance mandatory for government employees.

- Non-admitted insurance is not permitted in Yemen.

- Insurance companies operating in Yemen are not subject to solvency requirement. 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 visit http://www.researchandmarkets.com/research/zqlnw5/governance_risk View source version on businesswire.com: http://www.businesswire.com/news/home/20151009005739/en/

Keywords for this news article include: Investing, Health Insurance, Research and Markets.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2015, NewsRx LLC