Consultation in respect of the proposed Insurance (Class 12 and 13 Valuation and Solvency) Regulations 2026, Insurance (Valuation, Solvency and Miscellaneous) (Amendment) Regulations 2026 and Insurance (Corporate Governance) (Amendment) Guidance Notes 2026

Overview

This Consultation Paper (‘Paper’) is issued by the Isle of Man Financial Services Authority, which is the regulatory body for financial services in the Isle of Man.

Purpose

The Paper introduces the following documents:

• Draft Insurance (Class 12 and 13 Valuation and Solvency) Regulations 2026 (opens in a new tab)
   
• Insurance (Valuation, Solvency and Miscellaneous) (Amendment) Regulations 2026 (opens in a new tab)
   
• Insurance (Corporate Governance) (Amendment) Guidance Notes 2026 (opens in a new tab)

The consultation deals with proposed changes being made to the insurance regulatory framework in respect of class 12 (captive insurers) and class 13 (insurance special purpose vehicles), as well as other miscellaneous and consequential changes.

Interested persons

Insurers, insurance managers and their advisors.

How to respond

This Consultation Paper has been published on the Engagement Hub. It is also accessible from the Authority’s website.

Responses made by email to non-life@iomfsa.im and, if in an attachment, preferably in a format where the content is easy to extract for analysis. Alternatively, you can submit responses by post to:

Alan Rowe
Senior Manager - Insurance
Isle of Man Financial Services Authority
PO Box 58,
Finch Hill House,
Bucks Road,
Douglas,
Isle of Man,
IM99 1DT

Next steps

The Authority will be undertaking a quantitative impact study with the Isle of Man Captive Association during the consultation period.

Following closure of the consultation period on 13 July 2026, the Authority will review the responses received and publish a Feedback Statement on the Engagement Hub and the Authority’s website.

Questions

If you have a query in relation to how this consultation has been carried out, please contact the Authority’s Policy and Risk Division by email at Policy@iomfsa.im or by telephone on +44 1624 646000.