Timor-Leste Insurance Industry Governance, Risk and Compliance Report 2017 – Research and Markets

DUBLIN--(BUSINESS WIRE)-- The "Governance, Risk and Compliance - The Timor-Leste Insurance Industry" report has been added to Research and Markets' offering.

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

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 insurance industry of Timor-Leste is regulated by the Central Bank of Timor-Leste.
• Companies in Timor-Leste are subject to corporate income tax and capital gains tax at a rate of 10%.
• Composite insurance is not permitted in Timor-Leste.
• Non-admitted insurance is not permitted with a few exceptions.
• Motor third-party liability insurance is compulsory in Timor-Leste.

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 https://www.researchandmarkets.com/research/2hl32d/governance_risk

View source version on businesswire.com: http://www.businesswire.com/news/home/20171018006076/en/

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Related Topics: Insurance

Source: Research and Markets