# **Table 4. Mapping:** **_Insurance Services_**

|**Australian categories**|**Weight**|**Score**<br>**Weighted**<br>**score**|<br>**The World Bank data**|**Weight**|<br>**Score**|**Weighted**<br>**score**|
|---|---|---|---|---|---|---|
|**Restrictions on Commercial Presence**|||**Restrictions on Commercial Presence**||||
|**Licensing of insurance services**|**_0.1_**||**Licensing of insurance services**|**_0.1_**|||
|No new license is allowed|**_0.1_**|**_1_**|Market entry is not allowed (mode 3)|**_0.1_**|**_1_**||
|Licenses are issued through complicated<br>(discriminately) and costly procedure.|**_0.1_**|**_0.75_**|Market entry is allowed but three of the following restriction apply : (a) There is a limit on the<br>number of licenses available, (b) license is allocated at the discretion of regulatory body, (c)<br>license is not granted if publicly available criteria fulfilled.|**_0.1_**|**_0.75_**||
|Licenses are generally issued with application<br>fee and several requirements.|**_0.1_**|**_0.5_**|Market entry is allowed but two of the following restriction apply : (a) There is a limit on the<br>number of licenses available, (b) license is allocated at the discretion of regulatory body, (c)<br>license is not granted if publicly available criteria fulfilled.|**_0.1_**|**_0.2_**||
|Licenses are generally issued with application<br>fee.|**_0.1_**|**_0.25_**|Market entry is allowed but one of the following restriction apply : (a) There is a limit on the<br>number of licenses available, (b) license is allocated at the discretion of regulatory body, (c)<br>license is not granted if publicly available criteria fulfilled.|**_0.1_**|**_0.1_**||
|Licenses are automatically issued upon<br>application without any cost.|**_0.1_**|**_0_**|Market entry is allowed but none of the following restriction apply : (a) There is a limit on the<br>number of licenses available, (b) license is allocated at the discretion of regulatory body, (c)<br>license is not granted if publicly available criteria fulfilled.|**_0.1_**|**_0_**||
|**Form of commercial presence**|**_0.1_**||**Form of commercial presence**|**_0.1_**|||
|Measures which restrict or require a specific<br>type of establishments.|**_0.1_**|**_1_**|One of the following form of establishment is restricted : (a) Green field branch , (b) Joint<br>venture ,( c) Greenfield Subsidiary, (d) Acquisition|**_0.1_**|**_1_**||
|No restriction on establishment.|**_0.1_**|**_0_**|Non of the following form of establishment is restricted : (a) Green field branch , (b) Joint<br>venture ,( c) Greenfield Subsidiary, (d) Acquisition|**_0.1_**|**_0_**||
|**Direct investment: equity participation**<br>**permitted**|**_0.2_**||**Direct investment: equity participation permitted**|**_0.2_**|||
|The score is inversely proportional to the<br>maximum equity participation permitted in an<br>existing domestic insurance company.|**_0.2_**|**_1-s_**|The score is inversely proportional to the maximum foreign equity participation permitted in a<br>professional firm. If s = maximum foreign equity participation permitted in a professional firm.|**_0.2_**|**_1-s_**||
|**Direct investment: restrictions on certain**<br>**types of services**|**_0.1_**||**Proxy : restriction on insurance services**|**_0.1_**|||
|Restrictions on providing some types of<br>insurance services.|**_0.1_**|**_1_**|restriction on either value of the insurance policy or term of insurance policy or both|**_0.1_**|**_1_**||
|No restriction on providing any type of<br>insurance services.|**_0.1_**|**_0_**|no restriction on either value of the insurance policy or term of insurance policy|**_0.1_**|**_0_**||
|**Joint venture arrangements**|**_0.1_**||**Joint venture arrangements**|**_0.1_**|||
|Issues no new insurance license and no entry<br>is allowed through a joint-venture with a<br>domestic insurance company.|**_0.1_**|**_1_**|No entry is allowed through a joint venture with a domestic insurance company|**_0.1_**|**_1_**||
|Foreign company entry is only through a joint<br>venture with a domestic insurance company.|**_0.1_**|**_0.5_**|There are specific requirements for foreign firms to enter the local market through a joint venture<br>( none of the following forms of establishment is allowed: (a) Green field branch, (b) Greenfield<br>Subsidiary, (c) Acquisition (d) there is a maximum foreign equity permitted which imposes a de<br>facto joint venture requirement).|**_0.1_**|**_0.5_**||
|No requirement for an insurance company to<br>enter through a joint-venture with a domestic<br>insurance company.|**_0.1_**|**_0_**|<br>No restriction|**_0.1_**|**_0_**||
|**Permanent movement of people**|**_0.02_**||**Permanent movement of people ( we used information on permanent movement of people**<br>**for accounting services)**|**_0.02_**|||
|No entry of executives, senior managers<br>and/or specialists.|**_0.02_**|**_1_**|Intra Cooperate transfer (ICT) is not allowed|0.02|1||
|Executives, specialists and/or senior managers<br>can stay up to 1 year.|**_0.02_**|**_0.8_**|Intra Cooperate transfer (ICT) is allowed up to 1 year|0.02|0.8||
|Executives, specialists and/or senior managers<br>can stay up to 2 years.|**_0.02_**|**_0.6_**|Intra Cooperate transfer (ICT) is allowed up to 2 years|0.02|0.6||
|Executives, specialists and/or senior managers<br>can stay up to 3 years.|**_0.02_**|**_0.4_**|Intra Cooperate transfer (ICT) is allowed up to 3 years|0.02|0.4||
|Executives, specialists and/or senior managers<br>can stay up to 4 years.|**_0.02_**|**_0.2_**|Intra Cooperate transfer (ICT) is allowed up to 4 years|0.02|0.2||
|Executives, specialists and/or senior managers<br>can stay a period of 5 years or more.|**_0.02_**|**_0_**|Intra Cooperate transfer (ICT) is allowed over 4 years|0.02|0||

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