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LIST OF INSURANCE COMPANIES IN Bhutan
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Bhutan, Asia - World Insurance Companies Logos. The graphic mark of a company is synonymous with its brand. In insurance, a logo is instantly recognizable and allows that the customer associates the company with useful qualities such as trust, the fair price, and many other vital issues on the task of finding the best insurance. Click the logos of the Insurers for getting a bunch of updated information offering each insurer of BUTHAN. We want to help you to find the best Insurers by the Internet
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Directory of Insurance Companies Logos and Names in Bhutan
List of Insurance Companies Logos and Names in Bhutan. By clicking the logo of Insurer you have instant access to updated information on insurance issues that can help you in the task of choosing the best insurance, and also, get phones numbers, addresses, and prices, that Insurers offers on the Internet.
Bhutan Insurer
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Royal Ins. Corporation of Bhutan limited.
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Atlas Travel Ins. Services Ltd.
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Pacific Prime Bhutan
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BHUTAN, ASIA
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Central bank plans to license reinsurance companies
To strengthen the insurance sector in the face of rapid economic development in the country, the central bank of Bhutan, Royal Monetary Authority (RMA) is planning to license reinsurance companies in the country.
This, according to RMA, will help the insurers sector get into mega projects and help reduce the outflow of money from the economy.
At present, insurers in the country affiliate themselves with reinsurance companies abroad to share the burden of risk. With this, the companies retain a certain percentage of the sum insured and give away the rest to the reinsuring companies so that any losses can be mitigated with a joint effort.
Tshering Penjor, an examining officer of RMA, said through reinsurance, the Bhutanese insurers pay a major chunk of the premium to companies abroad.
According to him, around 60 percent of the premium paid to the Bhutanese insurers goes to the reinsurance companies abroad.
“With this regulation, we hope to establish some reinsurance companies within Bhutan so that we can retain the money which is flowing out,” he said.
Eden Dema, one of the two deputy governors of RMA, said the main objective of licensing reinsurance companies is to develop the insurers sector, especially for the hydropower sector.
According to Kunzang Gyeltshen, the assistant manager of the risk management division of Royal Ins. Corporation of Bhutan Limited (RICBL), the corporation has reinsurance with some nine companies from India, Bangkok and Japan.
From Bhutan Observer
This, according to RMA, will help the insurers sector get into mega projects and help reduce the outflow of money from the economy.
At present, insurers in the country affiliate themselves with reinsurance companies abroad to share the burden of risk. With this, the companies retain a certain percentage of the sum insured and give away the rest to the reinsuring companies so that any losses can be mitigated with a joint effort.
Tshering Penjor, an examining officer of RMA, said through reinsurance, the Bhutanese insurers pay a major chunk of the premium to companies abroad.
According to him, around 60 percent of the premium paid to the Bhutanese insurers goes to the reinsurance companies abroad.
“With this regulation, we hope to establish some reinsurance companies within Bhutan so that we can retain the money which is flowing out,” he said.
Eden Dema, one of the two deputy governors of RMA, said the main objective of licensing reinsurance companies is to develop the insurers sector, especially for the hydropower sector.
According to Kunzang Gyeltshen, the assistant manager of the risk management division of Royal Ins. Corporation of Bhutan Limited (RICBL), the corporation has reinsurance with some nine companies from India, Bangkok and Japan.
From Bhutan Observer
Bhutan, Asia
