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Home>Central African Republic Insurance Governance, Risk and Compliance Industry Report 2017 - Research and Markets

Central African Republic Insurance Governance, Risk and Compliance Industry Report 2017 - Research and Markets

Central African Republic Insurance Governance, Risk and Compliance Industry Report 2017 - Research and Markets

10/04/2017

Central African Republic Insurance Governance, Risk and Compliance Industry Report 2017 - Research and Markets

The "Governance, Risk and Compliance - The Central African Republic Insurance Industry" report has been added to Research and Markets' offering.

The 'Governance, Risk and Compliance - The Central African Republic Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Central African Republic.

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 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.

Key Highlights:

  • The CAR's insurance industry is regulated by the CRCA at the regional level and by the DSC at the national level.
  • Composite insurance is not permitted in the CAR.
  • 100% FDI is permitted in the CAR's insurance industry.
  • Insurance companies from CIMA member states are permitted to operate in the CAR without a license.
  • Key classes of compulsory insurance include motor third-party liability insurance, marine cargo insurance on imports and professional indemnity insurance for insurance intermediaries.

Key Topics Covered:

1 INTRODUCTION

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