KENCB10 - Avail a discount of 10% and cash back of 10% on all publications. Applicable on all licenses. Not Applicable on Ken Research Publications Limited Time Period Offer T&C apply
• Promo code can be used 1 time per user
Timetric's 'Governance, Risk and Compliance-The Myanmar Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Myanmar.
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.
The report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in Myanmar, including:
An overview of the insurance regulatory framework in Myanmar.
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 Myanmar.
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.
The report covers details of the insurance regulatory framework in Myanmar.
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 Myanmar.
Track the latest regulatory changes, and expected changes impacting the Myanmar 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.
The Insurance Business Supervisory Board supervises and regulates the Myanma insurance industry under the Ministry of Finance and Revenue.
Composite insurance is permitted in Myanmar.
The government of Myanmar does not permit foreign direct investment (FDI) in the insurance industry. However, the government is planning to open up the industry for foreign insurers by permitting 100% FDI.
The placement of non-admitted insurance is not permitted in the Myanma insurance industry.
Motor third-party liability insurance, accident insurance and professional indemnity for insurance brokers are the key classes of compulsory insurance in Myanmar.
1.1 What is this Report About?
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
2.3.1 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 21
2.4.1 Accident insurance for travellers 21
2.4.2 Motor third-party liability insurance 21
2.4.3 Social security insurance 22
2.5 Supervision and Control 24
2.5.1 The Ministry of Finance and Revenue 24
2.5.2 The Insurance Business Supervisory Board 24
2.6 Non-Admitted Insurance Regulations
2.6.3 Market practices
2.6.4 Fines and penalties
2.7 Company Registration and Operations
2.7.1 Types 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
2.8 Solvency margins
2.8.1 Reserve requirements
2.8.2 Investment regulations
2.8.3 Statutory return requirements
2.8.4 Fee structure
2.9.1 Insurance premium or policy taxation
2.9.2 Withholding taxes on premium paid overseas
2.9.3 Corporate tax
2.1 Legal System
2.10.2 Access to court
2.10.3 Alternative dispute resolution
3.2 Contact Timetric
3.3 About Timetric
3.4 Timetric's Services
Figure 1: Myanmar-Insurance Supervision and Control at Various Levels
Figure 2: Myanmar-Insurance Regulatory Frameworks for Company Registration and Operation
Table 1: Insurance Industry Definitions
Table 2: Myanmar-Insurance Regulatory Framework Key Features
Table 3: Myanmar-Life Insurance Regulatory Framework
Table 4: Myanmar-Property Insurance Regulatory Framework
Table 5: Myanmar-Motor Insurance Regulatory Framework
Table 6: Myanmar-Liability Insurance Regulatory Framework
Table 7: Myanmar-Stamp duty for Insurance Products
Table 8: Myanmar-Corporate Tax Rates for the Financial Year 2016
Single User License:
Corporate User License:
Insurance, Governance, risk and compliance, Regulatory framework, Life insurance, Property insurance, Motor insurance, Liability insurance, Marine, aviation and transit insurance, Personal accident and health insurance, Compulsory insurance, Licensing requirements, Minimum capital requirements, Solvency requirements, Non-admitted insurance, Reserve requirements, Investment regulations, Licensing fee, Authorization fee, Risk-based capital framework, Accounting standards, Returns requirement, Consumer protection, Law, Regulation, Act, Tax, Insurance premium tax, Corporate tax, VAT, Legal system, Court system
select a license
NEWSLETTER BY CATEGORY
The report sent to us was on the point, and its information was quite extensive, well structured, and well researched. More importantly what we valued was your response time and professionalism. As a leading global consulting firm, our clients expect high quality deliverables in short periods of time, so a reliable research partner is essential. For the price that you have charged the quality of your services were exceptional. We look forward to continue our relationship with your team on future engagements.... "Senior Associate, Booz Allen Hamilton"
This is with regards to your report on India PVC pipes and fitting market outlook industry outlook to 2019. This is a very well written report and accept my compliments on the same.... ... "Mohit Mittal, Consultant, KPMG Advisory Services"
I am pleased to see the very useful and productive information in the report..Very well structured great presentation reflect professionalism in your research studies.... "Mustafa Masood, Financial Analyst , Coldwell Banker Riyadh"
While we still are studying and analysing your reports about Vietnam & Thailand, we would like to convey to your research team that they have done a very good job in compiling so much of information together. We hope to see more of such well researched reports. All the best & keep it up. ... "Prashant Bhagwat,General Manager, Mahindra"
We would like to appreciate Ken Research for their great efforts and wonderful support in providing the Market Intelligence Report for ITPC. The information, statistics and research are well understandable and very clear to the point. We are happy with Ken research for their good client service, on-time delivery of the report and as said the report itself. Thank you Ken research for bringing the valuable output for us. We would be looking forward to have more research with you in the near future. Wish you a success in your business!... "Jestin Mathew, Indonesian Trade Promotion Center"