Research and Markets: Governance, Risk and Compliance – The Barbadian Insurance Industry

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/vgj778/governance_risk) has announced the addition of the "Governance, Risk and Compliance - The Barbadian Insurance Industry" report to their offering.

The 'Governance, Risk and Compliance - The Barbadian Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Barbados. 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 operations of insurance and reinsurance companies and intermediaries.

Key Highlights

- The Barbados insurance industry is regulated by the Financial Services Commission.

- Motor third-party liability insurance and professional indemnity for insurance brokers are mandatory in Barbados.

- Composite insurance is permitted in Barbados.

- The Barbadian government permits 100% foreign direct investment.

- Non-admitted insurance is prohibited in Barbados. However, if local capacity is not available, an insured can obtain insurance from non-admitted insurer.

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

- Amphora Life Insurance

- British American Insurance Company

- CGI Consumers' Guarantee Insurance Company

- Lincoln National Reinsurance Company

- Sun General Insurance

- United Insurance Company Limited

For more information visit http://www.researchandmarkets.com/research/vgj778/governance_risk

View source version on businesswire.com: http://www.businesswire.com/news/home/20150831005934/en/

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Source: Research and Markets