Deerfield Beach, FL -- (SBWIRE) -- 09/17/2015 -- Synopsis

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

Complete report is available @: http://www.marketresearchstore.com/report/governance-risk-and-compliance-the-singaporean-insurance-33548

Summary
An overview of the insurance regulatory framework in Singapore
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 Singapore
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 Singapore.
Track the latest regulatory changes, and expected changes impacting the Singaporean 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.

Download Sample Report @: http://www.marketresearchstore.com/report/governance-risk-and-compliance-the-singaporean-insurance-33548#requestSample

Key Highlights
The Singaporean insurance industry is supervised and regulated by the Monetary Authority of Singapore.
The favorable foreign direct investment (FDI) regime, which allows up to 100% foreign participation, will encourage international insurance companies to enter the Singaporean insurance industry.
The direct placement of non-admitted insurance and reinsurance is prohibited in Singapore.
Composite insurance licenses to carry on both life and general insurance business in Singapore are granted by the MAS.
Motor vehicle third-party liability insurance, workmen's compensation insurance and government health insurance are compulsory in Singapore.

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