Product Code: IS0091RR
Timetric's 'Governance, Risk and Compliance - The Vietnamese Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Vietnam.
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 Timetric'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.
The report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in Vietnam, including:
- An overview of the insurance regulatory framework in Vietnam.
- 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 Vietnam.
- 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.
- The report covers details of the insurance regulatory framework in Vietnam.
- 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 Vietnam.
- Track the latest regulatory changes, and expected changes impacting the Vietnamese 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.
Table of Contents
- 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 Regulations
- 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. Aviation liability insurance
- 2.4.3. Fire and explosion insurance for high risk establishments
- 2.4.4. Social insurance
- 2.5. Supervision and Control
- 2.5.1. International Association of Insurance Supervisors (IAIS)
- 2.5.2. Ministry of Finance
- 2.5.3. Insurance Supervisory Authority
- 2.6. Non-Admitted Insurance Regulations
- 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. Types of insurance organization
- 2.7.2. Establishing a domestic company
- 2.7.3. Foreign ownership
- 2.7.4. Types of license
- 2.7.5. Capital requirements
- 2.7.6. Solvency margins
- 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 (ADR)
- 3.1. Methodology
- 3.2. Contact Timetric
- 3.3. About Timetric
- 3.4. Timetric's Services
- 3.5. Disclaimer
List of Tables
- Table 1: Insurance Industry Definitions
- Table 2: Vietnam - Insurance Regulatory Framework Key Features
- Table 3: Vietnam - Insurance Agent Commission Rate
- Table 4: Vietnam - Life Insurance Regulatory Framework
- Table 5: Vietnam - Property Insurance Regulatory Framework
- Table 6: Vietnam - Motor Insurance Regulatory Framework
- Table 7: Vietnam - Liability Insurance Regulatory Framework
- Table 8: Vietnam - Tariff Rates for Motor Third-Party Liability Insurance
- Table 9: Vietnam - Minimum Capital Requirements
- Table 10: Vietnam - Corporate Tax Rates for the Financial Year 2016
List of Figures
- Figure 1: Vietnam - Insurance Supervision and Control at Various Levels
- Figure 2: Vietnam - Insurance Regulatory Frameworks for Company Registration and Operation