Governance, Risk and Compliance – The Chinese Insurance Industry
GlobalData’s Governance, Risk and Compliance – The Chinese Insurance Industry report is the result of extensive research into the insurance regulatory framework in China.
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 GlobalData’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 China.
• 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.
Key Highlights
• CIRC is responsible for regulation and supervision of the Chinese insurance industry
• VAT is imposed at a rate of 6% on insurance products replacing business tax of 5%.
• Non-admitted insurance is not permitted in the Chinese insurance industry.
• Aviation liability insurance, motor third-party liability insurance and social security are the key classes of compulsory insurance in China.
• FDI is permitted up to 100% in non-life insurance and 50% in life insurance business.
Reasons to Buy
• Gain insights into the insurance regulatory framework in China.
• Track the latest regulatory changes, and expected changes impacting the Chinese 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 Players
Table of Contents
List of Tables
List of Figures
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