Research and Markets: Governance, Risk and Compliance - The Yemeni Insurance Industry
October 09 2015 - 12:12PM
Business Wire
Research and Markets
(http://www.researchandmarkets.com/research/zqlnw5/governance_risk)
has announced the addition of the "Governance, Risk and Compliance
- The Yemeni Insurance Industry" report to their offering.
The 'Governance, Risk and Compliance - The Yemeni Insurance
Industry' report is the result of extensive research into the
insurance regulatory framework in Yemen.
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 operation of
insurance and reinsurance companies and intermediaries.
Key Highlights:
- The Ministry of Industry and Trade, the regulatory authority,
is responsible for the protection of consumer interests and the
development of the insurance industry.
- Foreign direct investment in a Yemeni insurance company is
allowed up to a maximum of 49%. However, foreign reinsurers can
open branches in Yemen by obtaining a license from the Ministry of
Industry and Trade.
- The government of Yemen is planning to introduce the Social
Health Insurance Law in the country, which will make health
insurance mandatory for government employees.
- Non-admitted insurance is not permitted in Yemen.
- Insurance companies operating in Yemen are not subject to
solvency requirement.
Key Topics Covered:
1 Introduction
2 Governance, Risk and Compliance
2.1 Legislation Overview and Historical Evolution
2.2 Latest Changes in Regulations
2.3 Legislation and Market Practice by Type of Insurance
2.4 Compulsory Insurance
2.5 Supervision and Control
2.6 Non-Admitted Insurance Regulations
2.7 Company Registration and Operations
2.8 Taxation
2.9 Legal System
3 Appendix
For more information visit
http://www.researchandmarkets.com/research/zqlnw5/governance_risk
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version on businesswire.com: http://www.businesswire.com/news/home/20151009005739/en/
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