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Mongolia Insurance Industry - Governance, Risk and Compliance

Publisher GlobalData
Published Oct 15, 2025
Length 125 Pages
SKU # GBDT20810533

Description

Mongolia Insurance Industry - Governance, Risk and Compliance

Summary

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

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 Mongolia, including -
  • An overview of the insurance regulatory framework in Mongolia.
  • 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
  • FRC of Mongolia supervises and regulates the insurance and reinsurance industry.
  • Composite insurance is not permitted in the Mongolian insurance industry.
  • 100% foreign direct investment is permitted in the Mongolian insurance industry.
  • The government of Mongolia does not levy any tax on insurance premiums.
  • The placement of non-admitted insurance is not permitted in Mongolia.
Scope
  • The report covers details of the insurance regulatory framework in Mongolia.
  • 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 Mongolia.
  • Track the latest regulatory changes, and expected changes impacting the Mongolian 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

125 Pages
MONGOLIA
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: Mongolia – Social Insurance Contribution Rates
Table 2: Percentage of Allowable Assets for General Insurers’ Solvency Calculation - Transit
Table 3: Percentage of Allowable Assets for Reinsurers’ Solvency Calculation - Transit
Table 4: Percentage of Allowable Assets for General Insurers’ Solvency Calculation - Aviation
Table 5: Percentage of Allowable Assets for Reinsurers’ Solvency Calculation - Aviation
Table 6: Percentage of Allowable Assets for General Insurers’ Solvency Calculation - Marine
Table 7: Percentage of Allowable Assets for Reinsurers’ Solvency Calculation - Marine
Table 8: Percentage of Allowable Assets for General Insurers’ Solvency Calculation - Professional Risks
Table 9: Percentage of Allowable Assets for Reinsurers’ Solvency Calculation - Professional Risks
Table 10: Percentage of Allowable Assets for General Insurers’ Solvency Calculation - Employers' Liability/workers compensation
Table 11: Percentage of Allowable Assets for Reinsurers’ Solvency Calculation - Employers' Liability/workers compensation
Table 12: Percentage of Allowable Assets for General Insurers’ Solvency Calculation - Liability
Table 13: Percentage of Allowable Assets for Reinsurers’ Solvency Calculation - Liability
Table 14: Percentage of Allowable Assets for General Insurers’ Solvency Calculation - Motor
Table 15: Percentage of Allowable Assets for Reinsurers’ Solvency Calculation - Motor
Table 16: Percentage of Allowable Assets for General Insurers’ Solvency Calculation - Engineering
Table 17: Percentage of Allowable Assets for Reinsurers’ Solvency Calculation - Engineering
Table 18: Percentage of Allowable Assets for General Insurers’ Solvency Calculation - Personal Accident
Table 19: Percentage of Allowable Assets for Reinsurers’ Solvency Calculation - Personal Accident
Table 20: Percentage of Allowable Assets for General Insurers’ Solvency Calculation - Business Interruption
Table 21: Percentage of Allowable Assets for Reinsurers’ Solvency Calculation - Business Interruption
Table 22: Percentage of Allowable Assets for General Insurers’ Solvency Calculation - Property
Table 23: Percentage of Allowable Assets for Reinsurers’ Solvency Calculation - Property
Table 24: Mongolia - Corporate Tax Rates for the Financial Year 2025

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