Venezuela Insurance Industry Governance, Risk and Compliance Report 2017 – ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)-- The "Governance, Risk and Compliance - The Venezuelan Insurance Industry" report has been added to ResearchAndMarkets.com's offering.

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

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.

Summary:

• An overview of the insurance regulatory framework in Venezuela.
• 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 Venezuela.
• 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.

Key Highlights:

• The Venezuelan insurance industry is regulated by the Superintendencia de la Actividad Aseguradora.
• Composite insurance is permitted in Venezuela.
• 100% FDI is permitted in the Venezuelan insurance industry.
• Motor third-party liability, student personal accident, aviation third party liability and passenger insurance for land transit are mandatory in Venezuela.
• Non-admitted insurance is prohibited in Venezuela.

Companies Mentioned

• Seguros Martimos

For more information about this report visit https://www.researchandmarkets.com/research/88ppt4/venezuela?w=4

View source version on businesswire.com: http://www.businesswire.com/news/home/20180312005859/en/

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Related Topics: Insurance

Source: Research and Markets