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ÇöÀçÀ§Ä¡ : HOME > ¸®Æ÷Æ® > ±ÝÀ¶
Governance, Risk and Compliance - The Belarusian Insurance Industry
¹ßÇà»ç Timetric

¹ßÇàÀÏ 2015-05
ºÐ·® 31 pages
¼­ºñ½ºÇüÅ Report
ÆǸŰ¡°Ý

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Synopsis

Timetric¡¯s 'Governance, Risk and Compliance - The Belarusian Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Belarus. 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 operations of insurance and reinsurance companies and intermediaries.

The report brings together Timetric¡¯s research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, recent and upcoming changes in regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country.

Summary

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

• An overview of the insurance regulatory framework in Belarus.

• The latest key changes and changes expected in Belarus'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 Belarus.

• 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.

Scope

• This report covers details of the insurance regulatory framework in Belarus.

• 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 Belarusian 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 Buy

• Gain insights into the insurance regulatory framework in Belarus.

• Track latest regulatory changes and expected changes impacting the Belarusian 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.

Key Highlights

• The Ministry of Finance (MoF) is the government body responsible for regulating and supervising the Belarusian insurance industry.

• Premium taxes are not imposed on insurance policies issued in the country.

• Workers' compensation, motor third-party liability, aviation liability and health insurance for foreigners are the key classes of compulsory insurance in Belarus.

• Composite insurance is not permitted in the Belarusian insurance industry.

• Non-admitted insurance is not permitted. However, non-admitted reinsurance is permitted if local capacity is not available.


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