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

From: Fast Market Research, Inc.
Published: Sun Jul 26 2015


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

* An overview of the insurance regulatory framework in India.
* The latest key changes and changes expected in the Indian 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 India.
* 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/1019705_governance_risk_compliance.aspx?afid=302

Report Highlights

* The Indian insurance industry is regulated and governed by the Insurance Regulatory and Development Authority of India (IRDAI).
* The practice of non-admitted insurance is limited to the reinsurance segment.
* FDI limit in the Indian insurance industry was increased from 26% to 49% with the enactment of the Insurance Law (Amendment) Act 2015 in March 2015.
* Composite insurance is not permitted in the Indian insurance industry.
* The Insurance Laws (Amendment) Bill 2015 was passed on March 12, 2015.
* IRDAI is planning to adopt risk-based solvency requirements for insurance companies operating in India."

Report Scope

* This report covers details of the insurance regulatory framework in India.
* 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 Indian 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.

Reasons to Get this Report

* Gain insights into the insurance regulatory framework in India.
* Track latest regulatory changes and expected changes impacting the Indian 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.

Companies Mentioned in this Report: Oriental Life Insurance Company, Life Insurance Corporation (LIC), General Insurance Corporation (GIC) of India, National Insurance Company Ltd, New India Assurance Company Ltd, Oriental Insurance Company Ltd, United India Insurance Company Ltd, ICICI Lombard General Insurance Co. Ltd, National Insurance Co. Ltd, Reliance General Insurance Co. Ltd, Max Bupa Health Insurance Company Ltd, Bajaj Allianz Life Insurance Co. Ltd, Birla Sunlife Life Insurance Co. Ltd, HDFC Standard Life Insurance Co. Ltd, SBI Life Insurance Co. Ltd, Met Life India Insurance Company Ltd, Tata AIG Insurance Solutions, Max New York Life Insurance Company Ltd

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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