Governance, Risk and Compliance – The Guinean Insurance Industry


Timetric’s 'Governance, Risk and Compliance – The Guinean Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Guinea.

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 Timetric’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 Guinea, including:

  • An overview of the insurance regulatory framework in Guinea.
  • 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 Guinea.
  • 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.

  • The report covers details of the insurance regulatory framework in Guinea.
  • 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
    • Gain insights into the insurance regulatory framework in Guinea.
    • Track the latest regulatory changes, and expected changes impacting the Guinean 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.
    Key Highlights
    • The Guinean insurance industry is regulated by the BRCG.
    • There are no compulsory classes of insurance in Guinea.
    • 100% FDI is permitted in the Guinean insurance industry.
    • Non-admitted insurance is permitted when local capacity is not available.
    • Composite insurance is permitted in Guinea.

    • Introduction
      • What is this Report About?
      • Definitions
        • Table Insurance Industry Definitions
    • Governance, Risk and Compliance
      • Table Guinea – Insurance Regulatory Framework Key Features
      • Legislation Overview and Historical Evolution
      • Latest Changes in Regulations
      • Legislation and Market Practice by Type of Insurance
        • Table Guinea – Intermediary Remuneration
        • Life insurance
          • Table Guinea – Life Insurance Regulatory Framework
        • Property insurance
          • Table Guinea – Property Insurance Regulatory Framework
        • Motor insurance
          • Table Guinea – Motor Insurance Regulatory Framework
        • Liability insurance
          • Table Guinea – Liability Insurance Regulatory Framework
        • Marine, aviation and transit insurance
        • Personal accident and health insurance
      • Compulsory Insurance
        • Liability insurance for ships with respect to oil pollution
      • Supervision and Control
        • International Association of Insurance Supervisors
        • Banque Centrale de la République de Guinée
      • Non-Admitted Insurance Regulations
        • Overview
        • Intermediaries
        • Market practices
        • Fines and penalties
      • Company Registration and Operations
        • Types of insurance organization
        • Establishing a local company
        • Foreign ownership
        • Types of license
        • Capital requirements
        • Solvency margins
        • Reserve requirements
        • Investment regulations
        • Statutory return requirements
        • Fee structure
      • Taxation
        • Insurance premium or policy taxation
          • Table Guinea– Insurance Premium Tax Rates
        • Withholding taxes on premium paid overseas
        • Corporate tax
          • Table Guinea – Corporate Tax Rates for the Financial Year 2017
        • VAT
        • Captive s
      • Legal System
        • Introduction
        • Acce ss to court
        • Alternative dispute resolution (ADR)
    • Appendix
      • Methodology
      • Contact Timetric
      • About Timetric
      • Timetric's Services
      • Disclaimer

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