August 31, 2015 11:55 AM Eastern Daylight Time
DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/ngbxlm/governance_risk) has announced the addition of the “Governance, Risk and Compliance – The Cayman Islands Insurance Industry” report to their offering.

“Governance, Risk and Compliance – The Cayman Islands Insurance Industry”

The ‘Governance, Risk and Compliance – The Cayman Islands Insurance Industry’ report is the result of extensive research into the insurance regulatory framework in the Cayman Islands. 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.

Key Highlights:

– The Cayman Islands insurance industry is regulated by the Cayman Islands Monetary Authority.

– Composite insurance is permitted in the Cayman Islands.

– Non-admitted insurance is not permitted in the Cayman Islands insurance industry.

– 40% FDI is permitted in the Cayman Islands insurance industry.

– Since June 2013, an additional stamp duty was introduced on property insurance premium at a rate of 2%, in addition to the existing rate of KYD12.0 (US$14.4) per policy.

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/ngbxlm/governance_risk

Contacts
Research and Markets
Laura Wood, Senior Manager