1 INTRODUCTION
1.1 What is this Report About?
1.2 Definitions

2 GOVERNCE, RISK AND COMPLIANCE
2.1 Legislation Overview and Historical Evolution
2.2 Latest Changes in Regulation
2.3 Legislation and Market Practice by Type of Insurance
2.3.1 Life insurance
2.3.2 Property insurance
2.3.3 Motor insurance
2.3.4 Liability insurance
2.3.5 Marine, aviation and transit insurance
2.3.6 Persol accident and health insurance
2.4 Compulsory Insurance
2.4.1 Social security insurance for old age, disability and survivors
2.4.2 Motor third-party liability insurance
2.4.3 Merchant shipping insurance
2.4.4 Workers’ compensation insurance
2.4.5 Health insurance
2.4.6 Professiol indemnity insurance
2.4.7 Day care center insurance
2.5 Supervision and Control
2.5.1 Intertiol Association of Insurance Supervisors
2.5.2 Bermuda Monetary Authority
2.5.3 Bermuda Intertiol Long-Term Insurers and Reinsurers Association
2.6 Non-Admitted Insurance Regulations
2.6.1 Overview
2.6.2 Intermediaries
2.6.3 Market practices
2.6.4 Fines and Pelties
2.7 Company Registration and Operations
2.7.1 Type of insurance organization
2.7.2 Establishing a local company
2.7.3 Foreign ownership
2.7.4 Types of license
2.7.5 Capital requirements
2.7.6 Solvency margin
2.7.7 Reserve requirements
2.7.8 Investment regulations
2.7.9 Statutory return requirements
2.7.10 Fee structure
2.8 Taxation
2.8.1 Insurance premium or policy taxation
2.8.2 Withholding taxes on premium paid overseas
2.8.3 Corporate tax
2.8.4 VAT
2.8.5 Captives
2.9 Legal System
2.9.1 Introduction
2.9.2 Access to court
2.9.3 Altertive dispute resolution

3 APPENDIX
3.1 Methodology
3.2 Contact GlobalData
3.3 About GlobalData
3.4 GlobalData’s Services
3.5 Disclaimer