Research and Markets: Governance, Risk and Compliance – The Malaysian Insurance Industry 2015

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/dps598/governance_risk) has announced the addition of the "Governance, Risk and Compliance - The Malaysian Insurance Industry" report to their offering.

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

The report brings together research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, recent and upcoming changes in 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 Malaysian insurance industry is regulated by Central Bank of Malaysia, under the Ministry of Finance.

- The life and non-life insurance businesses in Malaysia are regulated by the provisions of the Insurance Act 1996 and its subsidiary legislation, the Insurance Regulation 1996.

- The Malaysian government permits FDI up to a limit of 70%.

- Non-admitted insurers and intermediaries are not permitted in the Malaysian insurance industry.

- Motor third-party liability insurance and workmen's compensation insurance are compulsory in Malaysia.

- The Financial Services Act 2013 was introduced on June 30, 2013.

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 Regulations 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

• Overseas Assurance Corporation (Malaysia) Berhad
• Pos Malaysia

For more information visit http://www.researchandmarkets.com/research/dps598/governance_risk

View source version on businesswire.com: http://www.businesswire.com/news/home/20150730006409/en/

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Source: Research and Markets