Australia Insurance Industry - Governance, Risk and Compliance

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $950	252 Pages	GlobalData	April, 2025	GBDT20107424

Best Price Guarantee
Price	from $950
Length	252 Pages
Publisher	GlobalData
Published Date	April, 2025
SKU	GBDT20107424

Australia Insurance Industry - Governance, Risk and Compliance

Summary

GlobalData’s ‘Australia Insurance Industry - Governance, Risk and Compliance’ report is the result of extensive research into the insurance regulatory framework in Australia.

It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.

The report brings together GlobalData’s research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country.

The report provides insights into the governance, risk, and compliance framework pertaining to the insurance industry in Australia, including -

An overview of the insurance regulatory framework in Australia.
The latest key changes, and changes expected in the country’s 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 the country.
Key parameters including licensing requirements permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations.
Details of the tax and legal systems in the country.

Key Highlights

The Australian Prudential Regulatory Authority and the Australian Securities and Investment Commission regulate the Australian insurance industry.
Non-admitted insurance is not permitted in Australia
100% FDI is permitted in the Australian insurance industry
Composite insurance is not permitted in Australia
Insurance premium tax is not imposed; instead, stamp duty is enforced and regulated by each individual state

Scope

The report covers details of the insurance regulatory framework in Australia.
The report contains details of the rules and regulations governing insurance products and insurance entities.
The report lists and analyzes key trends and developments pertaining to the country's insurance regulatory framework.
The report analyzes the rules and regulations pertaining to the establishment and operation of insurance businesses in the country.
The report provides details of taxation imposed on insurance products and insurance companies.

Reasons to Buy

Provides FAQ-style analytical insights comprising 129 knowledge elements on insurance compliance applicable to the country.
Gain insights into the insurance regulatory framework in Australia.
Track the latest regulatory changes, and expected changes impacting the Australian insurance industry.
Gain detailed information about the key regulations governing the establishment and operation of insurance entities in the country.
Understand key regulations and market practices pertaining to various types of insurance product.

AUSTRALIA: Legislation Overview; Supervision and Control; Legislation; Compulsory Insurance; Non-Admitted Insurance Regulations; Company Registration and Operation; License; Foreign Direct Investment / Ownership; Minimum Capital Requirements; Solvency Margins; Reserve Requirements; Statutory Return Requirements; Fee Structure; Taxation; Tax on Insurance Premium; Corporate Income Tax; Corporate Capital Gains Tax; Value Added Tax; Legal System; Policy Practice; About GobalData; Contact Us
List of Tables: Table 1: Australia – Short-term ratings; Table 2: Australia – Long-term ratings; Table 3: Australia – Stamp duty rates for different regions(Engineering); Table 4: Australia – FSPL variable component rates for 2023-2024; Table 5: Australia – Stamp duty rates for different regions(Business Interruption); Table 6: FSPL variable component rates for 2023-2024; Table 7: Australia – Stamp duty rates for different regions(Property); Table 8: Australia – FSPL variable component rates; Table 9: Australia – Stamp duty rates for different regions(Motor); Table 10: Australia – Stamp duty rates for different regions(Liability); Table 11: Australia – Stamp duty rates for different regions(Professional Risks); Table 12: Australia – Stamp duty rates for different regions(Aviation); Table 13: Australia – Stamp duty rates for different regions(Transit); Table 14: Australia – Stamp duty rates for different regions(Marine); Table 15: Australia – Stamp duty rates for different regions(Group Life); Table 16: Australia – Stamp duty rates for different regions(Individual Life); Table 17: Australia – Stamp duty rates for different regions(Employers' Liability/workers compensation); Table 18:Australia – Stamp duty rates for different regions(Healthcare); Table 19: Australia – Stamp duty rates for different regions(Personal Accident); Table 20: Australia – Stamp duty rates for different regions - Transit; Table 21: Australia – Stamp duty rates for different regions - Marine; Table 22: Australia – Stamp duty rates for different regions - Aviation; Table 23: Australia – Stamp duty rates for different regions - Employers' Liability/workers compensation; Table 24: Australia – Stamp duty rates for different regions - Liability; Table 25: Australia – Stamp duty rates for different regions - Healthcare; Table 26: Australia – Stamp duty rates for different regions - Personal Accident; Table 27: Australia – Stamp duty rates for different regions - Group Life; Table 28: Australia – Stamp duty rates for different regions - Individual Life; Table 29: Australia – Stamp duty rates for different regions - Engineering; Table 30: Australia – Stamp duty rates for different regions - Business Interruption; Table 31: Australia – Stamp duty rates for different regions - Property; Table 32: Australia – Stamp duty rates for different regions - Motor; Table 33: Australia – Stamp duty rates for different regions - Professional Risks; Table 34: Australia –Corporate Tax Rates for the Financial Year 2025