Governance, Risk and Compliance - The Luxembourg Insurance Industry

Published by Global Data on 30th November 2018 | Ref: 1107223 | This Report Is In Stock

$1271 | SAVE $224 | Single User
$2542 | SAVE $448 | Site License
$3812 | SAVE $673 | Enterprise License
$1271 | SAVE $224 | Single User
$2542 | SAVE $448 | Site License
$3812 | SAVE $673 | Enterprise License

Introduction

Governance, Risk and Compliance - The Luxembourg Insurance Industry

Summary

GlobalData’s 'Governance, Risk and Compliance - The Luxembourg Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Luxembourg.

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 GlobalData’s 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.

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

- An overview of the insurance regulatory framework in Luxembourg.

- 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 non-admitted insurance in Luxembourg.

- 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.

Key Highlights

- Commissariat aux Assurance regulates the Luxembourg insurance industry.

- The Law prohibits non-admitted insurance; however, unlicensed insurers and reinsurers from EU and EEA Member States are permitted.

- FDI is permitted in the Luxembourg insurance industry up to 100%.

- Composite insurance is not allowed in Luxembourg.

- Solvency II is implemented from January 1, 2016.

Scope

- The report covers details of the insurance regulatory framework in Luxembourg.

- 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.

Reasons to buy

- Gain insights into the insurance regulatory framework in Luxembourg.

- Track the latest regulatory changes, and expected changes impacting the Luxembourg 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.

Table of Contents

Table of Contents

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

2.4 Compulsory Insurance

2.5 Supervision and Control

2.6 Non-Admitted Insurance Regulation

2.7 Company Registration and Operations

2.8 Taxation

2.9 Legal System

3 APPENDIX

3.1 Methodology

3.2 Contact GlobalData

3.3 About GlobalData

3.4 GlobalData’s Services

3.5 Disclaimer

Additional Details

Publisher

Global Data

Publisher Information

Reference

1107223 | GDIS0108RR

Number of Pages

72

Report Format

PDF

This report is published by Global Data

Download Free Report Summary PDF

Governance, Risk and Compliance - The Luxembourg Insurance Industry [Updated: 30-11-2018] | Download PDF Summary

Download our FREE report summary PDF. It contains all the information on these web pages, plus a Proforma Invoice request form, should you need it to satisfy your company's internal order procedures.

Ordering Information

Orders are processed immediately and you will be notified of the despatch date on confirmation of your order.

Accepted Card Types

Payment

Buy now using our secure payment system.