Governance, Risk and Compliance – The Burundian Insurance Industry, New Report Launched

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

  • An overview of the insurance regulatory framework in Burundi
  • 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 Burundi
  • 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

Governance, Risk and Compliance – The Burundian Insurance Industry report is the result of extensive research into the insurance regulatory framework in Burundi.

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 Publisher’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.

Scope

  • The report covers details of the insurance regulatory framework in Burundi.
  • 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 Burundi.
  • Track the latest regulatory changes, and expected changes impacting the Burundian 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 Burundi an insurance industry is regulated by the ARCA.
  • Motor third-party liability insurance is compulsory in Burundi.
  • Composite insurance is not permitted in Burundi.
  • Non-admitted insurance is not permitted by law. However, risks for which local capacity is not available are permitted to be placed with unauthorized insurers.
  • 100% FDI is permitted in the Burundian insurance industry.

Spanning over 36 pages Governance, Risk and Compliance – The Burundian Insurance Industry” report covers Introduction, Governance, Risk and Compliance, Appendix.

For further information on this report, please visit- http://mrr.cm/oYc

Related Reports:

Governance, Risk and Compliance – The Guinean Insurance Industry – visit at: http://mrr.cm/oYp

Governance, Risk and Compliance – The Mauritanian Insurance Industry – visit at: http://mrr.cm/oYG

Governance, Risk and Compliance – The Malagasy Insurance Industry – visit at: http://mrr.cm/oYN

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Viettel Burundi launches mobile services, claiming 600,000 subscribers

Burundi remains one of the most attractive African telecom markets for investors. The country has seen stable GDP growth for several years, while it enjoys a high population density. The relatively low, yet fast growing, mobile market penetration provides considerable potential in coming years. Nevertheless, investor reticence is still evident given the country’s low economic output and the fact that outside the main urban areas fixed-line infrastructure remains poor. To overcome these difficulties, the government, supported by the Word Bank, has backed a joint venture with a number of prominent telcos to build a national fibre backbone network, offering onward connectivity to submarine cable infrastructure landings in Kenya and Tanzania. The first sections of this network were switched on in early 2014.

Since 2012 the country’s access to international cables effectively ended its dependence on satellite connections, and has provided it with far more international bandwidth, and at lower prices for consumers.

Market limitations have delayed the launch of services among some players: in late 2012 two GSM licensees had their licenses withdrawn after having failed to launch services. Two of the remaining mobile operators have launched 3G mobile services to capitalise on the growing demand for internet services. The number of mobile subscribers has grown rapidly in recent years, with penetration approaching 40% by mid-2015. Nevertheless, this remains low by regional standards, suggesting considerable room for further growth. A new player, Viettel Group, which received a licence to provide mobile services in early 2014, launched 2G and 3G services in June 2015 and claimed to have signed up 600,000 subscribers within the first month. This placed the operator as the third largest in the country. Trading as Lumitel, Viettel aims to become the largest operator in Burundi, and to complement its mobile operations with fixed-line services. These developments, coupled with the relatively take-up of telecom services thus far, make Burundi is one of the most attractive growth markets in Africa, despite the limited size of the population.

The long-established plans to privatise the national telco Onatel (which also operates one of the mobile networks), have been delayed several times, but the government in mid-2013 again made efforts to kick-start the process.

For more information see – http://mrr.cm/4a7

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About Market Research Reports, Inc.

Market Research Reports, Inc. is the world’s leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.