Financial News

Malaysia Insurance Industry Governance, Risk and Compliance (GRC) Analysis Report 2024: Recent and Upcoming Changes in the Regulatory Framework, Taxation and Legal System - ResearchAndMarkets.com

The "Malaysia Insurance Industry - Governance, Risk and Compliance" report has been added to ResearchAndMarkets.com's offering.

The report 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 analyst'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 Malaysia, including:

  • An overview of the insurance regulatory framework in Malaysia.
  • 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 the country.
  • 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

  • BNM, under the Ministry of Finance regulates the Malaysian insurance industry.
  • The provisions of the FSA, which came into force on June 30, 2013, regulate the life and non-life insurance businesses in Malaysia.
  • The Malaysian government permits FDI up to a limit of 70% in the insurance industry.
  • Composite insurance is not permitted in Malaysia.
  • Non-admitted insurers and intermediaries are not permitted in the Malaysian insurance industry.

Reasons to Buy

  • Provides FAQ-style analytical insights comprising 129 knowledge elements on insurance compliance applicable to the country.
  • Gain insights into the insurance regulatory framework in Malaysia.
  • Track the latest regulatory changes, and expected changes impacting the Malaysian 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. Legislation Overview

1.1 Supervision and Control

1.2 Legislation

2. Compulsory Insurance

3. Non-Admitted Insurance Regulations

4. Company Registration and Operation

4.1 License

4.2 Foreign Direct Investment / Ownership

4.3 Minimum Capital Requirements

4.4 Solvency Margins

4.5 Reserve Requirements

4.6 Statutory Return Requirements

4.7 Fee Structure

5. Taxation

5.1 Tax on Insurance Premium

5.2 Corporate Income Tax

5.3 Corporate Capital Gains Tax

5.4 Value Added Tax

6. Legal System

7. Policy Practice

For more information about this report visit https://www.researchandmarkets.com/r/qpq42c

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com



For E.S.T Office Hours Call 1-917-300-0470

For U.S./ CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info
Feedback