Australian Insurance Industry - Governance, Risk and Compliance

1.1 What is this Report About?
1.2 Definitions

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 (MTPL) insurance (Only bodily injury and death cover)
2.4.2 Workmen’s compensation insurance
2.4.3 Aircraft passenger liability insurance
2.4.4 Liability insurance for ships with respect to oil pollution
2.4.5 Compulsory maritime oil pollution
2.5 Supervision and Control
2.5.1 International Association of Insurance Supervisors
2.5.2 Australian Prudential Regulation Authority
2.5.3 Australian Securities and Investment Commission
2.5.4 Financial Services Council
2.5.5 Insurance Council of Australia
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

3.1 Methodology
3.2 Contact the Publisher
3.3 About the Publisher
3.4 The Publisher's Services
3.5 Disclaimer