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Financial Regulatory Bodies in Gabon: A Comprehensive Overview

The financial regulatory landscape in Gabon has undergone significant changes in recent years, with new laws and regulations being introduced to strengthen the country’s insurance industry.

Key Findings

According to a report by GlobalData, the Gabonese insurance industry is regulated by two main bodies:

  • The Regional Council of Insurance (CRCA)
  • The National Insurance Authority (DNA)

Some key points from the report include:

  • Composite insurance is not permitted in Gabon
  • 100% foreign direct investment (FDI) is allowed in the sector
  • Insurance companies from member states of the West African Economic and Monetary Union (WAEMU) are exempted from obtaining a license to operate in Gabon
  • Key classes of compulsory insurance include:
    • Motor third-party liability insurance
    • Professional indemnity insurance for insurance intermediaries

Regulatory Framework

The report provides an overview of the current regulatory framework, including key changes and expected changes in the near future. It also delves into the rules and regulations governing different types of insurance products, as well as the scope of non-admitted insurance in Gabon.

Licensing Requirements and Fees

The report details the licensing requirements for establishing and operating an insurance business in Gabon, including:

  • Minimum capital requirements
  • Solvency margins
  • Reserve requirements
  • Statutory return requirements
  • Fee structure applicable to insurance companies

Taxation

The report examines the taxation regime applicable to insurance products and insurance companies in Gabon, including:

  • Corporate income tax
  • Corporate capital gains tax
  • Value-added tax

Why You Need This Report

This comprehensive report provides valuable insights into the financial regulatory bodies in Gabon, helping you navigate the complex landscape of regulations governing the country’s insurance industry. With 129 knowledge elements on insurance compliance applicable to Gabon, this report is a must-have for any organization operating or looking to operate in the country.

Get Your Copy Today

Contact GlobalData to obtain your copy of this insightful report and stay ahead of the curve in Gabon’s financial regulatory landscape.