Governance, Risk and Compliance - The Belarusian Insurance Industry

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 Motor liability insurance
2.4.2 Health insurance for foreigners
2.4.3 Workmen's compensation insurance
2.4.4 Aviation liability insurance
2.4.5 Insurance for crops, livestock and poultry
2.4.6 Professional indemnity insurance for organizations involved in real estate activities
2.4.7 Professional indemnity insurance for managers involved in bankruptcy
2.4.8 Liability insurance for transport of dangerous goods
2.5 Supervision and Control
2.5.1 International Association of Insurance Supervisors
2.5.2 Ministry of Finance
2.6 Non-Admitted Insurance Regulation
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
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: Belarus - Insurance Regulatory Framework Key Features
Table 3: Belarus - Life Insurance Regulatory Framework
Table 4: Belarus - Property Insurance Regulatory Framework
Table 5: Belarus - Motor Insurance Regulatory Framework
Table 6: Belarus - Bonus-malus System
Table 7: Belarus - Liability Insurance Regulatory Framework
Table 8: Belarus - Premium for Compulsory Civil Liability Insurance for Vehicle Owners
Table 9: Belarus - Premium Rates for Crops, Livestock and Poultry for 2019
Table 10: Belarus - Corporate Tax Rates for the Financial Year 2018

List of Figures
Figure 1: Belarus - Insurance Supervision and Control at Various Levels
Figure 2: Belarus - Insurance Regulatory Frameworks for Company Registration and Operation