Governance, Risk and Compliance - The Hungarian Insurance Industry - New Market Research Report

From: Fast Market Research, Inc.
Published: Sun Aug 09 2015


The report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in Hungary, including:

* An overview of the insurance regulatory framework in Hungary.
* The latest key changes and changes expected in Hungary'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 Hungary.
* Key GRC parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency requirements, reserve requirements, and investment regulations.
* Details of the tax and legal systems in the country.

Full Report Details at
- http://www.fastmr.com/prod/1025009_governance_risk_compliance.aspx?afid=302

* The Hungarian insurance industry is regulated by the Central Bank of Hungary (Magyar Nemzeti Bank - MNB).
* Composite insurance is not allowed in Hungary. However, a life insurance company can underwrite accident and health insurance.
* Non-admitted insurance is prohibited in Hungary. However, insurance and reinsurance companies from EEA and EU member states are permitted to operate without a license.
* Motor third-party liability insurance is mandatory in Hungary.
* The new Insurance Companies and Insurance Activities Act 2014 was issued in December 2014, repealing the Insurance Companies and Insurance Activities Act 2003.
* The new Solvency II norm will be applicable from January 1, 2016.

* This report covers details of the insurance regulatory framework in Hungary.
* The report contains details of rules and regulations governing insurance products and insurance entities.
* The report lists and analyzes key trends and developments pertaining to the Hungarian insurance regulatory framework.
* The report analyzes rules and regulations pertaining to the establishment and operation of insurance business in the country.
* The report provides details of taxation imposed on insurance products and companies.

* Gain insights into the insurance regulatory framework in Hungary
* Track latest regulatory changes and expected changes impacting the Hungarian insurance industry
* Gain detailed information about key regulations governing the establishment and operation of insurance entities in the country
* Understand key regulations and market practices relating to various types of insurance product

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