“The report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in Argentina, including:
• An overview of the insurance regulatory framework in Argentina.
• The latest key changes and changes expected in the Argentine 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 Argentina.
• Key GRC parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency requirements, reserve requirements, and investment regulations.
• Details of the tax and legal systems in the country.”
“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 Regulations
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 Social security system
2.4.3 Civil liability insurance for passenger transport vehicles
2.5 Supervision and Control
2.5.1 International Association of Insurance Supervisors
2.5.2 Association of Insurance Supervisors Latin America
2.5.3 Superintendence of Insurance (SSN)
2.5.4 Asociacion de Administradores de Riesgos de la Republica Argentina (ADARA)
2.5.5 Asociación Argentina de Compañías de Seguros (AACS)
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 Types 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 margins
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 Timetric
3.3 About Timetric
3.4 Timetric’s Services
3.5 Disclaimer”
“Table 1: Insurance Industry Definitions
Table 2: Argentina – Insurance Regulatory Framework Key Features
Table 3: Argentina – Life Insurance Regulatory Framework
Table 4: Argentina – Property Insurance Regulatory Framework
Table 5: Argentina – Motor Insurance Regulatory Framework
Table 6: Argentina – Liability Insurance Regulatory Framework
Table 7: Argentina – Corporate Taxes for the Financial Year 2015″
“Figure 1: Argentina – Insurance Supervision and Control at Various Levels
Figure 2: Argentina – Insurance Regulatory Frameworks for Company Registration and Operation”
