The Iraqi Insurance Industry, 2019: Governance, Risk and Compliance – ResearchAndMarkets.com
Governance, Risk and Compliance - The Iraqi Insurance Industry is the result of extensive research into the insurance regulatory framework in the
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.
The IID was established primarily for the licensing, supervision and development of the insurance industry in
Key Findings
- The IID is the government regulatory body responsible for supervising and regulating the Iraqi insurance industry.
- A composite insurance license is not issued by the IID. However, the license to practice long-term insurance business automatically authorizes the insurer to practice health insurance and personal accident insurance.
- The government permits 100% foreign direct investment (FDI) in the Iraqi insurance industry.
- Insurance policies issued in the country are exempt from premium taxes.
- The placement of non-admitted insurance is not permitted.
The report provides:
- An overview of the insurance regulatory framework in the
Iraq . - The latest key changes, and changes expected in the country's insurance regulatory framework.
- Key regulations and market practices related to different types of insurance product in the country.
- Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in the
Iraq . - Key parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations.
- Details of the tax and legal systems in the country.
Scope
- The report covers details of the insurance regulatory framework in the
Iraq . - The report contains details of the rules and regulations governing insurance products and insurance entities.
- The report lists and analyzes key trends and developments pertaining to the country's insurance regulatory framework.
- The report analyzes the rules and regulations pertaining to the establishment and operation of insurance businesses in the country.
- The report provides details of taxation imposed on insurance products and insurance companies.
Reasons to Buy
- Gain insights into the insurance regulatory framework in the
Iraq . - Track the latest regulatory changes, and expected changes impacting the Iraqi insurance industry.
- Gain detailed information about the key regulations governing the establishment and operation of insurance entities in the country.
- Understand key regulations and market practices pertaining to various types of insurance product.
Key Topics Covered
1 INTRODUCTION
1.1 What is this Report About?
1.2 Definitions
2 GOVERNANCE, RISK AND COMPLIANCE
2.1 Legislation Overview and Historical Evolution
2.2 Latest Changes in Regulation
2.3 Legislation and Market Practice by Type of Insurance
2.3.1 Life insurance
2.3.2 Property insurance
2.3.3 Motor insurance
2.3.4 Liability insurance
2.3.5 Marine, aviation and transit insurance
2.3.6 Personal accident and health insurance
2.4
2.4.1 Social security system
2.4.2 Motor third-party liability (bodily injury) insurance
2.5 Supervision and Control
2.5.1
2.5.2 The Iraqi Insurance IID
2.6 Non-Admitted Insurance Regulations
2.6.1 Overview
2.6.2 Intermediaries
2.6.3 Market practices
2.6.4 Fines and Penalties
2.7 Company Registration and Operations
2.7.1 Type of insurance organization
2.7.2 Establishing a local company
2.7.3 Foreign ownership
2.7.4 Types of license
2.7.5 Capital requirements
2.7.6 Solvency margin
2.7.7 Reserve requirements
2.7.8 Investment regulations
2.7.9 Statutory return requirements
2.8 Taxation
2.8.1 Insurance premium or policy taxation
2.8.2 Withholding taxes on premium paid overseas
2.8.3 Corporate tax
2.8.4 VAT
2.8.5 Captives
2.9 Legal System
2.9.1 Introduction
2.9.2 Access to court
2.9.3 Alternative dispute resolution (ADR)
List of Tables
Table 1: Insurance Industry Definitions
Table 2:
Table 3:
Table 4:
Table 5:
Table 6:
Table 7:
List of Figures
Figure 1:
Figure 2:
For more information about this report visit https://www.researchandmarkets.com/r/t18dr0
View source version on businesswire.com: https://www.businesswire.com/news/home/20190715005299/en/
ResearchAndMarkets.com
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
For
For GMT Office Hours Call +353-1-416-8900
Related Topics: Insurance
Source:
FEMA offers aid door to door in flood-affected St. Charles, Lincoln, Pike counties
Philly Fed President Comfortable Holding Interest Rates Steady
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News