4th Quantitative Impact Study for Non-Life Insurers

Closed 31 Oct 2017

Opened 31 Jul 2017

Overview

The Isle of Man Financial Services Authority (“Authority”) has today issued a consultation paper, CP17-08/T09, which sets out the Authority’s current thinking in respect of the assessment of the capital adequacy of insurers and reinsurers undertaking non-life insurance business, including the valuation of the assets and liabilities for solvency purposes. Together with the accompanying Technical Specifications it sets out the approach which the Authority requires the Isle of Man’s non-life insurers and reinsurers to test in the fourth Quantitative Impact Study (QIS4). 

Why We Are Consulting

The responses to this consultation paper and the results of QIS4 will be used to further develop the Authority’s views on the capital adequacy regime for non-life insurers. Further consultations and QIS exercises will therefore be run as more concrete proposals are developed.

Areas

  • All Areas

Audiences

  • Business owner
  • Other non-resident - business interests

Interests

  • Finance