Global Insurance Regulatory and Premium Tax Update – October 2014

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:

• China – Product liability.
• Republic of the Congo – Premium tax increase.
• Denmark – Environmental contribution.
• Germany – Premium tax.
• Ghana – Cash before cover.
• Hong Kong – Directors and officers liability.
• Japan – Consumption tax.
• Kenya – Formal approval requirement.
• Nigeria – Approval for offshore reinsurance.
• Saudi Arabia – Compulsory insurance.
• Slovakia – Insurers’ levy.
• Zambia – Policies and premium in US dollars.