Fast Market Research

New Market Research Report: Governance, Risk and Compliance - the Canadian Insurance Industry

Fast Market Research announces the availability of the new Timetric report, "Governance, Risk and Compliance - The Canadian Insurance Industry", on their comprehensive research portal


Boston, MA -- (SBWIRE) -- 09/29/2015 -- The report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in Canada, including:

-An overview of the insurance regulatory framework in Canada.
-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 Canada.
-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.

Report Highlights

-Canada is a federal state consisting of 10 provinces and three territories where, along with federal regulations and the federal regulator, each province and territory has its own insurance regulations and regulator.
-Following the enactment of the Insurance Companies Act 1991, no new composite insurance licenses have been issued in Canada. Companies issued with such a license prior to the act are allowed to carry out both life and non-life insurance business, unless their license expires or is withdrawn.
-Foreign insurers and insurers operating in more than one province or territory are federally regulated. Insurers whose operations are confined to a specific province or territory are governed by the respective provincial or territorial legislations.
-Captive insurance companies in Canada only exist in the province of British Columbia.
-The OSFI is planning to introduce new life insurance regulatory initiatives in Canada over the period ending 2016.

Get More Details on this Report and a Full Table of Contents at Governance, Risk and Compliance - The Canadian Insurance Industry

Report Scope

-The report covers details of the insurance regulatory framework in Canada.
-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 Get this Report

-Gain insights into the insurance regulatory framework in Canada.
-Track the latest regulatory changes, and expected changes impacting the Canadian 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.

Companies Mentioned in this Report: Phoenix Assurance Company, Halifax Insurance Company, Quebec Fire Insurance Company

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Browse all Insurance research reports at Fast Market Research

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