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 regulatory trends
2.4 Compulsory Insurance
2.4.1 Motor third-party liability insurance
2.4.2 Craft third-party liability insurance
2.4.3 Workmen’s compensation
2.5 Supervision and Control
2.5.1 International Association of Insurance Supervisors
2.5.2 African Insurance Organization
2.5.3 Committee of Insurance, Securities and Non-Banking Financial Authorities
2.5.4 Financial Services Commission
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 2: Mauritius – Insurance Regulatory Framework Key Features
Table 3: Mauritius – Life Insurance Regulatory Framework
Table 4: Mauritius – Property Insurance Regulatory Framework
Table 5: Mauritius – Motor Insurance Regulatory Framework
Table 6: Mauritius – Liability Insurance Regulatory Framework
Table 7: Mauritius – Capital Requirement for Captive Insurance Companies
Table 8: Mauritius – Fee for Carrying on Insurance Business
Table 9: Mauritius – Fee for Insurance Intermediaries
Table 10: Mauritius – Corporate Tax Rates for the Financial Year 2015
Figure 1: Mauritius – Insurance Supervision and Control at Various Levels
Figure 2: Mauritius – Insurance Regulatory Frameworks for Company Registration and Operation
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BAI Co (Mtius) Ltd
Island Life Assurance Co Ltd
Metropolitan Life (Mauritius Ltd)
Credit Guarantee Insurance Company Ltd
GFA Insurance Company Ltd
Swan Insurance Company Ltd
Mauritian Eagle Insurance Company Ltd
African Re
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