Report on Governance, Risk and Compliance The Colombian Insurance Industry

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Report on Governance, Risk and Compliance - The
Colombian Insurance Industry
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Synopsis
'Governance, Risk and Compliance The Colombian
Insurance Industry' report is the result of
extensive research into the insurance regulatory
framework in Colombia. 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. The report brings together
research, modeling and analysis expertise, giving
insurers 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.
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Summary
The report provides insights into the
governance, risk and compliance framework
pertaining to the insurance industry in Colombia,
including - An overview of the insurance
regulatory framework in Colombia. - The latest
key changes, and changes expected in the
countrys 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 Colombia. -
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.
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Scope
- The report covers details of the insurance
regulatory framework in Colombia. - 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
countrys 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.
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Reasons To Buy - Gain insights into the insurance
regulatory framework in Colombia. - Track the
latest regulatory changes, and expected changes
impacting the Colombian 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.
W www.bharatbook.com , T  91 22 27810772,
27810773, E  info_at_bharatbook.com
W www.bharatbook.com , T  91 22 27810772,
27810773, E  info_at_bharatbook.com
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Key Highlights - The Colombian insurance industry
is regulated by the Financial Superintendence of
Colombia. - Non-admitted insurance is prohibited
in Colombia but there are few exceptions. - A
free trade agreement between United States and
Colombia, CTPA, was entered into force on May 15,
2012. - There is no insurance premium tax (IPT)
in Colombia. - Foreign investors are allowed to
have 100 ownership in the insurance companies of
Colombia.
W www.bharatbook.com , T  91 22 27810772,
27810773, E  info_at_bharatbook.com
W www.bharatbook.com , T  91 22 27810772,
27810773, E  info_at_bharatbook.com
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Table of Contents

• Governance, Risk and Compliance
• Legislation Overview and Historical Evolution
• Latest Changes in Regulations
• Legislation and Market Practice by Type of
  Insurances
• Life insurance
• Property insurance
• Motor insurance
• Liability insurance
• Marine, aviation and transit insurance
• Personal accident and health insurance

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27810773, E  info_at_bharatbook.com
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To view the full Executive Summary and Table
of Contents, please visit Report on Governance,
Risk and Compliance - The Colombian Insurance
Industry Contact Us-Call India
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