Research and Markets (http://www.researchandmarkets.com/research/r3bjxr/governance_risk) has announced the addition of the "Governance, Risk and Compliance - The South Korean Insurance Industry" report to their offering.

The Governance, Risk and Compliance - The South Korean Insurance Industry report is the result of extensive research into the insurance regulatory framework in South Korea.

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 South Korean insurance industry is regulated by the Financial Supervisory Commission and the Financial Supervisory Service.

- Composite insurance is not permitted in South Korea. However, both life and non-life insurers can carry on accident and health insurance business.

- 100% FDI is permitted in the South Korean insurance industry.

- Motor third-party liability insurance, fire and liability insurance for buildings are mandatory in South Korea.

- Non-admitted insurance is permitted for life and reinsurance business in South Korea.

Key Topics Covered:

1 Introduction

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

2.4 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

Companies Mentioned

- Imperial Life Insurance

- Chousun Life Insurance Company

- Chousun Fire & Marine Insurance Company

- Korea Insurance Corporation

- Korean Reinsurance Company

For more information visit http://www.researchandmarkets.com/research/r3bjxr/governance_risk