Table of Contents
1 Introduction
1.1 What is this Report About?
1.2 Definitions
2 Governance, Risk and Compliance
2.1 Legislation Overview and Historical Evolution
2.2 Latest Changes in Regulations
2.3 Legislation Trends 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 Personal accident and health insurance
2.4 Compulsory Insurance
2.4.1 Motor vehicle third-party liability insurance
2.4.2 Social security system
2.4.3 Air carriers and aircraft operators insurance
2.4.4 Professional indemnity insurance for alternative investment fund managers
2.4.5 Professional indemnity insurance for brokers:
2.4.6 Clinical trial liability
2.5 Supervision and Control 36
2.5.1 International Association of Insurance Supervisors (IAIS)
2.5.2 European Insurance and Occupational Pensions Authority (EIOPA)
2.5.3 Financial Market Authority (FMA)
2.5.4 Federation of European Risk Management Associations (FERMA)
2.6 Non-Admitted Insurance Regulatory Trends
2.6.1 Overview
2.6.2 Intermediaries
2.6.3 Market practices
2.6.4 Fines and penalties
2.7 Company Registration and Operations
2.7.1 Types 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 margins
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 Corporate tax
2.8.3 VAT
2.8.4 Captives
2.9 Legal System
2.9.1 Introduction
2.9.2 Access to court
2.9.3 Alternative dispute resolution (ADR)
3 Appendix
3.1 Methodology
3.2 Contact Timetric
3.3 About Timetric
3.4 Timetric’s Services
3.5 Disclaimer



List of Tables
Table 1: Insurance Industry Definitions
Table 2: Austria– Insurance Regulatory Framework Key Features
Table 3: Austria – Life Insurance Regulatory Framework
Table 4: Austria – Property Insurance Regulatory Framework
Table 5: Austria – Motor Insurance Regulatory Framework
Table 6: Austria – Bonus-Malus System for Motor Insurance
Table 7: Austria – Liability Insurance Regulatory Framework
Table 8: Austria – Minimum Coverage for Aircraft Third-Party Liability Per Accident and Aircraft
Table 9: Austria – Insurance Premium Tax Rates for the Financial Year 2016
Table 10:Austria – Corporate Tax Rates for the Financial Year 2016

List of Figures
Figure 1: Austria – The Three Pillars of Solvency II
Figure 2: Austria – Insurance Supervision and Control at Various Levels
Figure 3: Austria – Insurance Regulatory Frameworks for Company Registration and Operation