DUBLIN--(BUSINESS WIRE)--The "Governance, Risk and Compliance - The Spanish Insurance Industry" report has been added to ResearchAndMarkets.com's offering.
The 'Governance, Risk and Compliance - The Spanish Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Spain.
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 the 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.
Summary:
- An overview of the insurance regulatory framework in Spain.
- 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 Spain.
- 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.
Key Highlights
- The Spanish insurance industry is regulated by the Directorate General of Insurance and Pension Funds.
- Non-admitted insurance is prohibited by law; however, insurers from EEA member states and reinsurers are permitted to operate without obtaining a license in Spain.
- Composite insurance is not permitted in Spain. However, life insurance companies can underwrite health and accident insurance.
- Foreign direct investment is permitted in the Spanish insurance industry up to 100%.
- Solvency II was implemented from January 1, 2016.
For more information about this report visit https://www.researchandmarkets.com/research/9tvm2k/spain_insurance?w=4
