[October 19, 2017]

Iraq Insurance Industry Governance, Risk and Compliance Report 2017 - Research and Markets

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

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

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 IID is the government regulatory body responsible for supervising and regulating the Iraqi insurance industry.
• A composite insurance license is not issued by the IID. However, the license to practice long-term insurance business automatically authorizes the insurer to practice health insurance and personal accident insurance.
• The government permits 100% foreign direct investment (FDI) in the Iraqi insurance industry.
• Insurance policies issued in the country are exempt from premium taxes.
• The placement of non-admitted insurance is not permitted.

Key Topics Covered:

1 INTRODUCTION

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

2.4 Compulsory Insurance

2.5 Supervision and Control

2.6 Non-Admitted Insurance Regulations

2.7 Company Registration and Operations

2.8 Taxation

2.9 Legal System

3 APPENDIX

For more information about this report visit https://www.researchandmarkets.com/research/svzdhj/governance_risk

View source version on businesswire.com: http://www.businesswire.com/news/home/20171019005624/en/

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