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Global Insurance Regulatory and Premium Tax Update


The Global Insurance Regulatory and Premium Tax Update provides a summary of the latest insurance regulation and premium-related developments affecting insurance contracts procured by a multinational group.

The update covers:

  • Argentina - Foreign exchange control restrictions lifted.
  • Brazil - Reinsurance regulations relaxed.
  • France - Terrorism fund increase.
  • Hong Kong - Compulsory insurance for solicitors.
  • India - Increase in service tax on insurance premiums and broker fees.
  • Namibia - Compulsory cessions.
  • UK - Increase in insurance premium tax; Insurance Act 2015.
  • US - Federal excise tax on reinsurance premiums.
  • Zambia - Levy on insurance premiums.