Governance, Risk and Compliance – The Aruban Insurance Industry

Date: 2015-11

“• The Aruban insurance industry is regulated by the Central Bank of Aruba.

• Composite insurance is not permitted in the Aruban insurance industry.

• The government permits 100% FDI in the insurance industry.

• Motor liability insurance and professional indemnity insurance for insurance intermediaries are the key compulsory classes of insurance in Aruba.

• Non-admitted insurance is prohibited in Aruba. However, reinsurance companies are permitted to operate in the country without obtaining license.”

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