Governance, Risk and Compliance – The Grenadian Insurance Industry

Date: 2015-11

“• The Grenadian insurance industry is regulated by the Grenadian Authority for the Regulation of Financial Institution.

• Composite insurance is permitted in Grenadian insurance industry.

• Insurance levy at a rate of 1% is imposed on all insurance contracts except life insurance.

• Non-admitted insurance is not permitted in the Grenadian insurance industry. However, non-admitted reinsurers are permitted.

• It is compulsory for all companies/businesses operating in Grenada to register themselves with the National Insurance Scheme.”

Contact With Us
Join templatemonster at google+
Customized Research
Request Sample