08-10-2020 05:05 PM CET | Business, Economy, Finances, Banking & Insurance
Gambian Insurance Market
A new research document with title ‘Gambian Insurance Industry – Governance, Risk and Compliance’ covering detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions and important players/vendors. The report will help user gain market insights, future trends and growth prospects for forecast period of 2020-2026.
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‘Gambian Insurance Industry – Governance, Risk and Compliance’ report is the result of extensive research into the insurance regulatory framework in the Gambia.
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 HTF MI 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.
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Key Highlights
– The Gambian insurance industry is regulated by the CBG.
– Motor third-party liability insurance is compulsory in the Gambia.
– Non-admitted insurance is prohibited, with a few exceptions.
– 100% FDI is permitted in the Gambian insurance industry.
– Insurance premium tax is not imposed on insurance products and services in the Gambian insurance industry.
The report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in the Gambia including –
– An overview of the insurance regulatory framework in the Gambia.
– 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 the Gambia.
– 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 the Gambia.
– 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 the Gambia.
– Track the latest regulatory changes, and expected changes impacting the Gambian 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.
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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
….Continued
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