CP24-04 Update to the Insurance Solvency Framework and Insurance Fees Regulations

Overview

Consultation CP24-04 is requesting feedback on the draft Insurance (Fees and Solvency) (Amendment) Regulations 2024 which updates:

• the Insurance Solvency Framework in line with developments in equivalent international frameworks (including an update to the risk margin calculation) and
   
• the Insurance (Fees) Regulations 2021 in respect of changes being made to the Island’s Insurance Special Purpose Vehicles framework in consultation paper CP24-03

Why your views matter

The purpose of the consultation is to obtain views in relation to the Authority’s proposed amendments.