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  • 4th Quantitative Impact Study for Life Insurers

    This paper sets out the timescales for the fourth Quantitative Impact Study (“QIS4”) exercise for life insurers and reinsurers, describes changes to the Standard Formula being tested in QIS4 compared with that for QIS3, and provides additional guidance on some aspects of the calculation in order to promote consistency of approach across respondents. More
    Closed 30 June 2017
  • CP17-05/T06 - Conduct of Business Code for Long Term Insurance

    CP17-05/T06 provides for consultation on the Draft Insurance (Conduct of Business) (Long Term Business) Code 2017 (“the Code”). More
    Closed 16 June 2017
  • Collective Investment Schemes

    Closed-ended investment companies and other matters This consultation is relevant to persons providing services to collective investment schemes, as well as to corporate service providers that provide services to closed-ended investment companies. More
    Closed 26 May 2017
  • Credit Unions (Amendment) Bill 2017

    In early 2015 a high level consultation was issued that outlined proposals to address perceived deficiencies in the Credit Unions Act 1993 (‘CUA’) and to develop a framework for regulating credit unions. Responses to the consultation evidenced considerable support for changes to the CUA that would facilitate credit unions in the IoM and so research began for drafting a Credit Unions (Amendment) Bill (‘Bill’). Simultaneously, work was under way to establish the IoM’s first credit... More
    Closed 25 April 2017
  • Conduct of Business for non-life insurance

    In June 2013 the Insurance and Pensions Authority ('IPA') published its Roadmap for updating the Isle of Man’s regulatory framework for insurance business ('the Roadmap') and through that document set out the objective to establish a project to enhance the Island’s regulatory framework to ensure that it remains up to date, proportionate and, where appropriate, consistent with the updated and revised Insurance Core Principles ('ICPs') issued by the International Association of Insurance... More
    Closed 14 March 2017
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