[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Togolese Insurance Industry - Governance, Risk and Compliance

July 2020 | 59 pages | ID: T7C6863D54F0EN
GlobalData

US$ 950.00

E-mail Delivery (PDF)

Download PDF Leaflet

Wire Transfer
Checkout Later
Need Help? Ask a Question
Togolese Insurance Industry - Governance, Risk and Compliance

SUMMARY

GlobalData’s 'Togolese Insurance Industry - Governance, Risk and Compliance' report is the result of extensive research into the insurance regulatory framework in the Togo.
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 GlobalData’s 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 Togolese insurance industry is regulated by the CRCA at the regional level and by the DNA at the national level.
  • Key classes of compulsory insurance include motor third-party liability insurance and professional indemnity insurance for insurance intermediaries.
  • Insurance companies from CIMA member states are permitted to operate in Togo without a license.
  • 100% FDI is permitted in the Togolese insurance industry.
  • Composite insurance is not permitted in Togo.
The report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in the Togo, including -
  • An overview of the insurance regulatory framework in the Togo.
  • The latest key changes, and changes expected in the country’s insurance regulatory framework.
  • Key regulations and market practices related to different types of insurance product in the country.
  • Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in the Togo.
  • Key parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations.
  • Details of the tax and legal systems in the country.
SCOPE
  • The report covers details of the insurance regulatory framework in the Togo.
  • The report contains details of the rules and regulations governing insurance products and insurance entities.
  • The report lists and analyzes key trends and developments pertaining to the country’s insurance regulatory framework.
  • The report analyzes the rules and regulations pertaining to the establishment and operation of insurance businesses in the country.
  • The report provides details of taxation imposed on insurance products and insurance companies.
REASONS TO BUY
  • Gain insights into the insurance regulatory framework in the Togo.
  • Track the latest regulatory changes, and expected changes impacting the Togolese insurance industry.
  • Gain detailed information about the key regulations governing the establishment and operation of insurance entities in the country.
  • Understand key regulations and market practices pertaining to various types of insurance product.
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 intermediaries
  2.4.3 Worker’s Compensation
  2.4.4 Liability for ship owners in respect of oil pollution
2.5 Supervision and Control
  2.5.1 International Association of Insurance Supervisors
  2.5.2 Commission Regional des Assurances
  2.5.3 Direction Nationale des Assurances
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


More Publications