Group supervision

Closed 1 Dec 2017

Opened 9 Oct 2017

Feedback Updated 14 Feb 2018

We Asked

Our consultation paper proposed requirements for life insurers which belong to groups of which we expect to be the group supervisor. This follows the framework for group supervision which is set out in the Insurance (Amendment) Act 2017. 

You Said

We received 1 response from an interested party. 

We Did

We will now develop regulations on the basis of the proposed requirements which will be subject to consultation in due course. 

Overview

The Isle of Man Financial Services Authority has today issued a consultation paper CP17-12/T13 in respect of proposed group supervision requirements for life insurance companies which belong to groups of which the Authority anticipates being the Group Supervisor. Although the paper is directly applicable to those companies, it may also be of general interest to all insurance companies which belong to groups and feedback is welcomed from any interested parties.

Why We Are Consulting

To obtain information and views in respect of the Authority’s group supervision proposals.

Areas

  • All Areas

Audiences

  • Anyone from any background

Interests

  • Policies, strategies & plans
  • Finance