SynopsisTimetric’s 'Governance, Risk and Compliance- The Argentine Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Argentina. 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.Scope• The report covers details of the insurance regulatory framework in Argentina. • 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... Research Beam Model: Research Beam Product ID: 965684 950 USD New
Governance, Risk and Compliance - The Argentine Insurance Industry
 
 

Governance, Risk and Compliance - The Argentine Insurance Industry

  • Category : BFSI
  • Published On : October   2016
  • Pages : 61
  • Publisher : Timetric
 
 
 
Synopsis
Timetric’s 'Governance, Risk and Compliance- The Argentine Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Argentina.

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.

Scope
• The report covers details of the insurance regulatory framework in Argentina.

• 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.

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

• An overview of the insurance regulatory framework in Argentina.

• 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 Argentina.

• 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.

Reasons To Buy
• Gain insights into the insurance regulatory framework in Argentina.

• Track the latest regulatory changes, and expected changes impacting the Argentine 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 Argentine insurance industry is regulated by the Superintendence of Insurance.

• Composite insurers are not permitted in Argentina.

• 100% FDI is permitted in the Argentine insurance industry.

• Non-admitted insurance is not permitted in the Argentine insurance industry.

• Workers' compensation, motor third-party liability, aviation third-party liability and social security insurance are the key classes of compulsory insurance in Argentina.



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
2.3.1 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 Motor third-party liability insurance
2.4.2 Civil liability insurance for passenger transport vehicles
2.4.3 Clinical trials liability insurance
2.4.4 Social security scheme
2.4.5 Professional indemnity insurance for reinsurance brokers
2.4.6 Third party liability insurance for lift operators
2.4.7 Bond insurance for travel agents
2.4.8 Professional indemnity insurance for directors and managers of public and private limited companies
2.4.9 Insurance for drones
2.4.10 Mandatory group life insurance
2.4.11 Liability insurance for ships with respect to oil pollution
2.5 Supervision and Control
2.5.1 International Association of Insurance Supervisors
2.5.2 Association of Insurance Supervisors Latin America
2.5.3 Superintendence of Insurance
2.5.4 Asociacion de Administradores de Riesgos de la Republica Argentina
2.5.5 Asociación Argentina de Compañías de Seguros
2.5.6 Aseguradores del Interior de la República Argentina
2.5.7 Asociación de Aseguradores de Vida y Retiro de la República Argentina
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 margins
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 (ADR)
3 ABOUT TIMETRIC
3.1 Methodology
3.2 Contact Timetric
3.3 About Timetric
3.4 Timetric’s Services
3.5 Disclaimer



List Of Tables
Table 1: Insurance Industry Definitions
Table 2: Argentina – Insurance Regulatory Framework Key Features
Table 3: Argentina – Life Insurance Regulatory Framework
Table 4: Argentina – Property Insurance Regulatory Framework
Table 5: Argentina – Motor Insurance Regulatory Framework
Table 6: Argentina – Liability Insurance Regulatory Framework
Table7: Argentina – Corporate Tax Rates for the Financial Year 2016






List Of Figures
Figure 1: Argentina – Insurance Supervision and Control at Various Levels
Figure 2: Argentina – Insurance Regulatory Frameworks for Company Registration and Operation


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