Global Insurance Regulatory and Premium Tax Update – March 2015

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:The update covers:

• China – Changes in environmental protection law.
• Ghana – Oil and gas insurance.
• India – New regulations for insuring properties in India and strict guidance on pricing of risk.
• Malta – Increase of stamp duty on insurance premiums.
• Nigeria – Aviation (re)insurance requirements.
• Romania – Policyholders’ protection fund levy.
• Slovenia – Increase in insurance premium tax.
• Taiwan – Cash before cover for auto insurance.
• United Kingdom – Insurance premium tax exemption for spacecraft and global reinsurance hub.
• United States – Anti-inversion notice by the United States treasury.