Market Research Report
Governance, Risk and Compliance - The Peruvian Insurance Industry
|Published by||GlobalData||Product code||833093|
|Published||Content info||62 Pages
Delivery time: 1-2 business days
|Governance, Risk and Compliance - The Peruvian Insurance Industry|
|Published: April 22, 2019||Content info: 62 Pages||
The Superintendent of Bank and Insurance (Superintendencia de Banca, Seguros y AFP - SBS) is the government authority for supervising and regulating insurance and reinsurance businesses in Peru. It was established as a public institution in accordance with the Constitution of Peru to regulate the financial, insurance, and private pension systems in Peru.
The regulatory functions and powers of the SBS are stipulated in the General Law of the Financial and Insurance Systems and Organic Law of the Superintendent of Banking and Insurance or Law No. 26702. In order to implement a risk-based supervisory regime in line with international standards, the SBS is in the process of developing tighter risk management regulations covering the insurance and private pension industries.
The report "Governance, Risk and Compliance - The Peruvian Insurance Industry", is the result of extensive research into the insurance regulatory framework in the Peru. 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.