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Guyana Insurance Industry - Governance, Risk and Compliance

Publisher GlobalData
Published Nov 06, 2025
Length 91 Pages
SKU # GBDT20810537

Description

Guyana Insurance Industry - Governance, Risk and Compliance

Summary

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

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 Guyana, including -
  • An overview of the insurance regulatory framework in Guyana.
  • 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 insurance industry in Guyana is regulated by the Bank of Guyana.
  • Composite insurance is permitted in Guyana.
  • The government of Guyana permits 100% FDI in the insurance industry.
  • Non-admitted insurance is not permitted in Guyana.
  • Motor third-party liability insurance is compulsory in Guyana.
Scope
  • The report covers details of the insurance regulatory framework in Guyana.
  • 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 Guyana.
  • Track the latest regulatory changes and expected changes impacting the Guyanese 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.

Table of Contents

91 Pages
GUYANA
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 GlobalData
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List of Tables
Table 1: Type B: General insurers - Energy - Oil Rig
Table 2: Term deposits and debt securities - Energy - Oil Rig
Table 3: Type B: General insurers - Energy - Operational Energy
Table 4: Term deposits and debt securities - Energy - Operational Energy
Table 5: Type B: General insurers - Clinical Trials
Table 6: Term deposits and debt securities - Clinical Trials
Table 7: Type B: General insurers - Transit
Table 8: Term deposits and debt securities - Transit
Table 9: Type B: General insurers - Aviation
Table 10: Term deposits and debt securities - Aviation
Table 11: Type B: General insurers - Marine
Table 12: Term deposits and debt securities - Marine
Table 13: Type B: General insurers - Professional Risks
Table 14: Term deposits and debt securities - Professional Risks
Table 15: Type B: General insurers - Employers' Liability/workers compensation
Table 16: Term deposits and debt securities - Employers' Liability/workers compensation
Table 17: Type B: General insurers - Liability
Table 18: Term deposits and debt securities - Liability
Table 19: Type B: General insurers - Motor
Table 20: Term deposits and debt securities - Motor
Table 21: Type B: General insurers - Healthcare
Table 22: Term deposits and debt securities - Healthcare
Table 23: Type B: General insurers - Engineering
Table 24: Term deposits and debt securities - Engineering
Table 25: Type B: General insurers - Personal Accident
Table 26: Term deposits and debt securities - Personal Accident
Table 27: Type B: General insurers - Business Interruption
Table 28: Term deposits and debt securities - Business Interruption
Table 29: Type B: General insurers - Property
Table 30: Term deposits and debt securities - Property
Table 31: Guyana – Corporate Tax Rates for the Financial Year 2025

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