"Governance, Risk and Compliance - The Belizean Insurance Industry" Published

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

* An overview of the insurance regulatory framework in Belize.
* The latest key changes and changes expected in Belizean 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 Belize.
* 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.

Report Highlights

* The Belizean insurance industry is regulated by the Office of the Supervision and International Financial Services Commission.
* Composite insurance is not permitted in the Belizean insurance industry.
* Motor third-party liability insurance and professional liability insurance for insurance brokers are compulsory classes of insurance.
* Non-admitted insurance is prohibited by law. However, reinsurers are permitted to operate without obtaining a license.
* 100% FDI is permitted in the Belizean insurance industry.

Full Report Details at
- http://www.fastmr.com/prod/1071851_governance_risk_compliance.aspx?afid=302

Report Scope

* This report covers details of the insurance regulatory framework in Belize.
* 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 Belizean insurance regulatory

framework.

* The repot 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 Belize.
* Track latest regulatory changes and expected changes impacting the Belizean 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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