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

From: Fast Market Research, Inc.
Published: Tue Aug 18 2015

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

* An overview of the insurance regulatory framework in Pakistan.
* The latest key changes, and changes expected in Pakistan'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 Pakistan.
* 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/1025005_governance_risk_compliance.aspx?afid=302

* The Securities and Exchange Commission of Pakistan (SECP) is the regulatory body for supervising and regulating the insurance industry.
* The government of Pakistan allows 100% foreign direct investment (FDI) in the country's insurance industry.
* Non-admitted insurance is not permitted in Pakistan. However, unlicensed insurers are permitted to sell reinsurance and marine export cargo insurance contracts in the country.
* Compulsory classes of insurance include motor third-party liability insurance and workmen's compensation insurance.
* The introduction of a risk-based capital framework proposed.
* The SECP has proposed to increase minimum capital requirements for insurers.

* This report covers details of the insurance regulatory framework in Pakistan.
* 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 Pakistan's 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 Pakistan.
* Track latest regulatory changes and expected changes impacting the Pakistani 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: Central Depository Company of Pakistan Ltd, Pakistan Reinsurance Company Ltd, State Bank of Pakistan

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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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