Bulgaria Insurance Industry Governance, Risk and Compliance Report 2019 – ResearchAndMarkets.com

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Bulgaria Insurance Industry Governance, Risk and Compliance Report 2019 – ResearchAndMarkets.com


DUBLIN–(BUSINESS WIRE)–The“Governance,
Risk and Compliance – The Bulgarian Insurance Industry”
report
has been added toResearchAndMarkets.com’soffering.

“Governance, Risk and Compliance – The Bulgarian Insurance Industry” is
the result of extensive research into the insurance regulatory framework
in Bulgaria. 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 Bulgarian insurance industry is supervised and regulated by the
Financial Supervision Commission (FSC), established in March 2003. It is
an institution that is independent from the parliament and reports to
the National Assembly of Bulgaria. It is a specialized government body
for the regulation and control of different segments of the financial
system, including the insurance industry. In addition, the Bulgarian
insurance industry follows standard market practices set by the
International Association of Insurance Supervisors (IAIS).

The report brings together 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

  • Details of the insurance regulatory framework in Bulgaria.
  • Rules and Regulations governing insurance products and insurance
    entities.
  • Key trends and developments pertaining to the country’s insurance
    regulatory framework.
  • Rules and Regulations pertaining to the establishment and operation of
    insurance businesses in the country.
  • Taxation imposed on insurance products and insurance companies.

Reasons to Buy

  • Gain insights into the insurance regulatory framework in Bulgaria.
  • Track the latest regulatory changes, and expected changes impacting
    the Bulgarian 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 Topics Covered:

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 Insurance

2.3.3 Motor Insurance

2.3.4 Liability insurance

2.3.5 Marine, aviation and transit insurance

2.3.6 Personal accident and health insurance

2.4 Compulsory Insurance

2.4.1 Motor third-party liability insurance

2.4.2 Personal accident insurance for passengers on public transport

2.4.3 Workmen’s compensation

2.4.4 Air carriers and aircraft operators insurance

2.4.5 Professional indemnity insurance for alternative investment fund
managers

2.4.6 Liability for ships with respect to oil pollution

2.4.7 Social insurance system

2.4.8 Professional liability insurance for intermediaries

2.4.9 Clinical trials liability insurance

2.5 Supervision and Control

2.5.1 International Association of Insurance Supervisors

2.5.2 European Insurance and Occupational Pensions Authority

2.5.3 Financial Supervision Commission

2.5.4 Federation of European Risk Management Associations

2.6 Non-Admitted Insurance Regulation

2.6.1 Overview

2.6.2 Intermediaries

2.6.3 Market practices

2.6.4 Fines and Penalties

2.7 Company Registration and Operations

2.7.1 Type of insurance organization

2.7.2 Establishing a local company

2.7.3 Foreign ownership

2.7.4 Types of license

2.7.5 Capital requirements

2.7.6 Solvency margin

2.7.7 Reserve requirements

2.7.8 Investment regulations

2.7.9 Statutory return requirements

2.7.10 Fee structure

2.8 Taxation

2.8.1 Insurance premium or policy taxation

2.8.2 Withholding taxes on premium paid overseas

2.8.3 Corporate tax

2.8.4 VAT

2.8.5 Captives

2.9 Legal System

2.9.1 Introduction

2.9.2 Access to court

2.9.3 Alternative dispute resolution

3 APPENDIX

For more information about this report visit https://www.researchandmarkets.com/research/vwkh9m/bulgaria?w=4

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