Governance, Risk and Compliance – The Mexican Insurance Industry

Date: 2015-11

“• The Mexican insurance industry is regulated by the Comisión Nacional de Seguros y Fianzas.

• Insurance premiums are exempt from insurance premium tax in Mexico except for medical and personal accident insurance policies, which are subject to an insurance premium tax of 16%.

• Non-admitted insurance is prohibited in Mexico except for few classes of insurance.

• FDI is permitted in the Mexican insurance industry up to 100%.

• Composite insurance is not permitted in Mexico. However, life insurance companies are permitted to underwrite health and accident insurance business.”

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