Governance, Risk and Compliance - The Japanese Insurance Industry

2019-11-07
Price :
Published : Nov-2019
No. of Pages : 62
Table of Contents
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 Automobile liability insurance
2.4.2 Workers' accident compensation insurance
2.4.3 Liability insurance for nuclear risks
2.4.4 Liability insurance for residential building defects
2.4.5 Liability insurance for maritime oil pollution
2.5 Supervision and Control
2.5.1 International Association of Insurance Supervisors (IAIS)
2.5.2 Financial Services Agency
2.5.3 Local Finance Bureau of the Ministry of Finance
2.5.4 The General Insurance Association of Japan (GIAJ)
2.5.5 The Life Insurance Association of Japan (LIAJ)
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
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 (ADR)
3 APPENDIX
3.1 Methodology
3.2 Contact GlobalData
3.3 About GlobalData
3.4 GlobalData's Services
3.5 Disclaimer

List of Tables
Table 1: Insurance Industry Definitions
Table 2: Japan - Insurance Regulatory Framework Key Features
Table 3: Japan - Life Insurance Regulatory Framework
Table 4: Japan - Property Insurance Regulatory Framework
Table 5: Japan - Premium Rates for Earthquake Insurance for the year 2019
Table 6: Japan - Filed Base Premium Rates for Earthquake Insurance
Table 7: Japan - Motor Insurance Regulatory Framework
Table 8: Japan - Liability Insurance Regulatory Framework
Table 9: Japan - CALI Standard Full Rates for Different Types of Motor Vehicles (in JPY)
Table 10: Japan - Corporate Tax Rates for the Financial Year 2019

List of Figures
Figure 1: Japan - Insurance Supervision and Control at Various Levels
Figure 2: Japan - Insurance Regulatory Frameworks for Company Registration and Operation
Filed in: Banking & Finance
Publisher : GlobalData