Governance, Risk and Compliance-The Haitian Insurance Industry

Governance, Risk and Compliance-The Haitian Insurance Industry


  Request for Sample Report
  Request A Quote

Executive Summary

Synopsis

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

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 Timetric'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.

Summary

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

An overview of the insurance regulatory framework in Haiti.

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 Haiti.

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.

Scope

The report covers details of the insurance regulatory framework in Haiti.

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 Haiti.

Track the latest regulatory changes, and expected changes impacting the Haitian 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.

Key Highlights

The Haitian insurance industry is regulated by the Ministre de lEconomie et des Finances.

The government is planning to introduce a new insurance law, for which the draft was issued in November 2016.

Motor third-party liability insurance and workmen's compensation insurance are key classes of compulsory insurance in the Haitian insurance industry.

Insurance policies issued in the country are subject to insurance premium tax of 5% on life insurance and 10% on non-life insurance.

Non-admitted insurance is not permitted in the insurance industry of Haiti.



Read More



Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications

+91-9015378249

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

2.3.1 Life insurance

2.3.2 Property insurance

2.3.3 Motor insurance

2.3.4 Liability insurance

2.3.5 Marine, aviation and transit insurance

2.3.6 Personal accident and health insurance

2.4 Compulsory Insurance

2.4.1 Social security scheme

2.4.2 Motor third-party liability insurance

2.5 Supervision and Control

2.5.1 The Insurance Association of the Caribbean

2.5.2 Ministry of Economy and Finance

2.6 Non-Admitted Insurance Regulations

2.6.1 Overview

2.6.2 Intermediaries

2.6.3 Market practices

2.6.4 Fines and Penalties

2.7 Company Registration and Operations

2.7.1 Type of insurance organization

2.7.2 Establishing a local company

2.7.3 Foreign ownership

2.7.4 Types of license

2.7.5 Capital requirements

2.7.6 Solvency margin

2.7.7 Reserve requirements

2.7.8 Investment regulations

2.7.9 Statutory return requirements

2.7.10 Fee structure

2.8 Taxation

2.8.1 Insurance premium or policy taxation

2.8.2 Withholding taxes on premium paid overseas

2.8.3 Corporate tax

2.8.4 VAT

2.8.5 Captives

2.9 Legal System

2.9.1 Introduction

2.9.2 Access to court

2.9.3 Alternative dispute resolution

3 APPENDIX

3.1 Methodology

3.2 Contact Timetric

3.3 About Timetric

3.4 Timetric's Servies

3.5 Disclaimer

Figure 1: Haiti-Insurance Supervision and Control at Various Levels

Figure 2: Haiti-Insurance Regulatory Frameworks for Company Registration and Operation

Table 1: Insurance Industry Definitions

Table 2: Haiti-Insurance Regulatory Framework Key Features

Table 3: Haiti-Life Insurance Regulatory Framework

Table 4: Haiti-Property Insurance Regulatory Framework

Table 5: Haiti-Motor Insurance Regulatory Framework

Table 6: Haiti-Liability Insurance Regulatory Framework

Table 7: Haiti-Corporate Tax Rates for the Financial Year 2017

Single User License:
The report will be emailed to you. The report is sent in PDF format, allowing one specific user access to the product.

Site Licence:
The report will be emailed to you. The report is sent in PDF format, allowing all users within a given geographical location of your organisation access to the product.

Corporate User License:
The report will be emailed to you. The report is sent in PDF format, allowing all employees within your organisation access to the product.

To know more information on Purchase by Section, please send a mail to sales [@] kenresearch.com
 

select a license
Single User License
USD 950 INR 65189
Corporate User License
USD 2850 INR 195567

NEWSLETTER BY CATEGORY




Testimonials

The report was very informative and gives me an interesting view on the Indian market....

We would like to thank the entire team of Ken Research in showcasing professionalism in research and quick turnaround time. We have had multiple research reports from Ken Research. The deadline communicated for research was duly met. The research reports were covering many aspects in detail. This showcases their endeavor and care for client satisfaction and a strong understanding of the clients’ requirements. Thank you again for your help...

I appreciate their diligence and determination in customizing the research project. The data proves to be valuable and accurate. I would, in future, definitely use their services again...

I would like to thank Ken research team for meeting our report deliverables. The report is very good and we appreciate your well cooperation. ...

The research you conducted was very helpful for us and the integrity of your research approach gave us great confidence in the data. Look forward to collaborating again in future...



Ken Research Private Limited, Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49
     Gurgaon, Haryana - 122001, India

download

Company Brochure

Engage with Us

sales [@] kenresearch.com