Lewes, DE -- (SBWIRE) -- 07/02/2015 -- The report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in Saudi Arabia, including:

- An overview of the insurance regulatory framework in Saudi Arabia.
- The latest key changes and changes expected in Saudi Arabia'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 Saudi Arabia.
- Key GRC parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency requirements, reserve requirements, and investment regulations.
- Details of the tax and legal systems in the country.

Governance, Risk and Compliance - The Saudi Arabian Insurance Industry report is the result of extensive research into the insurance regulatory framework in Saudi Arabia. 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.

The report brings together Publisher's research, modeling and analysis expertise, giving insurers access to information on insurance regulations, recent and upcoming changes in regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country.

Scope
- This report covers details of the insurance regulatory framework in Saudi Arabia.
- The report contains details of rules and regulations governing insurance products and insurance entities.
- The report lists and analyzes key trends and developments pertaining to the Saudi Arabian insurance regulatory framework.
- The report analyzes rules and regulations pertaining to the establishment and operation of insurance business in the country.
- The report provides details of taxation imposed on insurance products and companies.

Reasons to Buy
- Gain insights into the insurance regulatory framework in Saudi Arabia.
- Track latest regulatory changes and expected changes impacting the Saudi Arabian insurance industry
- Gain detailed information about key regulations governing the establishment and operation of insurance entities in the country
- Understand key regulations and market practices relating to various types of insurance product.

Key Highlights
- The Saudi Arabian Monetary Agency (SAMA) is responsible for the regulation and supervision of the Saudi Arabian insurance industry.
- FDI is permitted up to 100% in Saudi Arabian insurance industry.
- New classes of mandatory insurance were introduced for high-risk plants, factories and manufacturing facilities, effective from February 21, 2014.
- Composite insurance is not permitted in Saudi Arabia; however, life insurers are permitted to operate health insurance business.
- Non-admitted insurance is not permitted in the Saudi Arabian insurance industry.

Spanning over 34 pages, "Governance, Risk and Compliance - The Saudi Arabian Insurance Industry" report covers Introduction, Governance, Risk and Compliance, Appendix.

For further information on this report, please visit- http://www.marketresearchreports.com/timetric/governance-risk-and-compliance-%E2%80%93-saudi-arabian-insurance-industry

Other Reports;

1st- Governance, Risk and Compliance – The Turkmen Insurance Industry - visit at: http://www.marketresearchreports.com/timetric/governance-risk-and-compliance-%E2%80%93-turkmen-insurance-industry

2nd- Governance, Risk and Compliance – The Mongolian Insurance Industry - visit at: http://www.marketresearchreports.com/timetric/governance-risk-and-compliance-%E2%80%93-mongolian-insurance-industry

3rd- Governance, Risk and Compliance – The Brunei Insurance Industry - visit at: http://www.marketresearchreports.com/timetric/governance-risk-and-compliance-%E2%80%93-brunei-insurance-industry

4th- Governance, Risk and Compliance – The Ukrainian Insurance Industry - visit at: http://www.marketresearchreports.com/timetric/governance-risk-and-compliance-%E2%80%93-ukrainian-insurance-industry

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