AP NEWS
ADVERTISEMENT
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Lesotho Insurance Industry Governance, Risk and Compliance Report 2019 - ResearchAndMarkets.com

February 19, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Feb 19, 2019--The “Governance, Risk and Compliance - The Lesotho Insurance Industry” report has been added to ResearchAndMarkets.com’s offering.

“Governance, Risk and Compliance - The Lesotho Insurance Industry” is the result of extensive research into the insurance regulatory framework in Lesotho. 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.

ADVERTISEMENT

The Lesotho insurance industry is supervised and regulated by the Central Bank of Lesotho (CBL), established in 2000. Its key role is to promote the country’s financial industry. It functions as a public agency, with autonomous powers and a separate budget. The agency’s competence rights, obligations and rights are stipulated in the Insurance Act 2014, which regulates the functioning of insurers and insurance intermediaries in the country.

Key Takeaways

Scope

Reasons to Buy

Key Topics Covered:

1 INTRODUCTION

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 Regulation

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 Professional indemnity insurance for insurance brokers

2.5 Supervision and Control

2.5.1 International Association of Insurance Supervisors

2.5.2 Central Bank of Lesotho

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 Type of insurance organization

2.7.2 Establishing a local company

2.7.3 Foreign ownership

2.7.4 Types of license

2.7.5 Capital requirements

2.7.6 Solvency margin

2.7.7 Reserve requirements

2.7.8 Investment regulations

ADVERTISEMENT

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

3 APPENDIX

For more information about this report visit https://www.researchandmarkets.com/research/s2m69l/lesotho_insurance?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190219005473/en/

CONTACT: 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

Related Topics:Insurance

KEYWORD: LESOTHO AFRICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 02/19/2019 06:30 AM/DISC: 02/19/2019 06:30 AM

http://www.businesswire.com/news/home/20190219005473/en

ADVERTISEMENT