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Governance, Risk and Compliance-The Portuguese Insurance Industry


Summary: "Governance, Risk and Compliance - The Portuguese Insurance Industry", is a comprehensive source of analysis of the insurance regulatory framework for life, property, motor, liability, personal accident and health, marine, aviation and transit insurance in Portugal. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries. The report provides insurers with access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country. The report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in Portugal, including – - An overview of the insurance regulatory framework in Portugal. - The latest key changes, and changes expected in the country’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 nonadmitted insurance in Portugal. - Key parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations. - Details of the tax and legal systems in the country. Get Sample Copy of this Report@ http://www.orbisresearch.com/contacts/request-sample/2213123 Some of the Key Takeaway’s of the report are – - ASF regulated the Portuguese insurance industry. - Composite Insurance is not permitted in Portugal. - The Portuguese FDI regime allows up to 100% foreign participation in domestic insurance companies. - Non-admitted insurance is not permitted. However, insurers from EU Member States can operate either directly or through a branch, based on freedom to provide services. - Compulsory classes of insurance include motor third-party liability insurance and workmen’s compensation insurance. Scope: - The report covers details of the insurance regulatory framework in Portugal. - The report contains details of the rules and regulations governing insurance products and insurance entities. - The report lists and analyzes key trends and developments pertaining to the country’s insurance regulatory framework. - The report analyzes the rules and regulations pertaining to the establishment and operation of insurance businesses in the country. - The report provides details of taxation imposed on insurance products and insurance companies.


Make an Inquiry before Buying@ http://www.orbisresearch.com/contacts/enquiry-beforebuying/2213123 Reasons to buy: - Gain insights into the insurance regulatory framework in Portugal. - Track the latest regulatory changes, and expected changes impacting the Portuguese insurance industry. - Gain detailed information about the key regulations governing the establishment and operation of insurance entities in the country. - Understand key regulations and market practices pertaining to various types of insurance product. Key Points from TOC: 1 INTRODUCTION 1.1 What is this Report About? 1.2 Definitions 2 GOVERNANCE, RISK AND COMPLIANCE 2.1 Legislation Overview and Historical Evolution 2.2 Latest Changes in Regulation 2.3 Legislation and Market Practice by Type of Insurance 2.3.1 Life insurance 2.3.2 Property insurance 2.3.3 Motor insurance 2.3.4 Liability insurance 2.3.5 Marine, aviation and transit insurance 2.3.6 Personal accident and health insurance 2.4 Compulsory Insurance 2.4.1 Motor vehicle third-party liability insurance 2.4.2 Workers’ compensation insurance 2.4.3 Fire insurance for property damage 2.4.4 Air carriers and aircraft operators insurance 2.4.5 Professional indemnity insurance for alternative investment fund managers 2.4.6 Liability insurance for tour operators 2.4.7 Health insurance for foreigners 2.4.8 Professional liability insurance for insurance intermediaries 2.4.9 Environmental liability insurance 2.4.10 Clinical trials liability insurance 2.4.11 Liability insurance for ships with respect to oil pollution 2.4.12 Liability insurance for Goldsmithing and Contrasts 2.5 Supervision and Control 2.5.1 International Association of Insurance Supervisors 2.5.2 European Insurance and Occupational Pensions Authority 2.5.3 Federation of European Risk Management Associations 2.5.4 Insurance and Pension Fund Supervision Authority 2.5.5 Portuguese Association of Insurers 2.6 Non-Admitted Insurance Regulations


2.6.1 Overview 2.6.2 Intermediaries 2.6.3 Market practices 2.6.4 Fines and Penalties 2.7 Company Registration and Operations 2.7.1 Type of insurance organization 2.7.2 Establishing a local company 2.7.3 Foreign ownership 2.7.4 Types of license 2.7.5 Capital requirements 2.7.6 Solvency margin 2.7.7 Reserve requirements 2.7.8 Investment regulations 2.7.9 Statutory return requirements 2.7.10 Fee structure 2.8 Taxation 2.8.1 Insurance premium or policy taxation 2.8.2 Withholding taxes on premium paid overseas 2.8.3 Corporate tax 2.8.4 VAT 72 2.8.5 Captives 2.9 Legal System 2.9.1 Introduction 2.9.2 Access to court 2.9.3 Alternative dispute resolution 3 APPENDIX Get More Information about the Report@ http://www.orbisresearch.com/reports/index/governancerisk-and-compliance-the-portuguese-insurance-industry About Us: Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients. Contact Info: Hector Costello Senior Manager – Client Engagements 4144N Central Expressway, Suite 600, Dallas,


Texas - 75204, U.S.A. Phone No.: +1 (214) 884-6817; +912064101019 Email id: sales@orbisresearch.com

Governance, Risk and Compliance-The Portuguese Insurance Industry  

The Exhaustive Study for Governance, Risk and Compliance-The Portuguese Insurance Market Research Report is added on Orbisresearch.com datab...

Governance, Risk and Compliance-The Portuguese Insurance Industry  

The Exhaustive Study for Governance, Risk and Compliance-The Portuguese Insurance Market Research Report is added on Orbisresearch.com datab...

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