Consultation Response: Corporate Governance Code of Practice for Insurers (“CGC”)

ICP Project – Responses to Consultation CP17-10/T11

The Financial Services Authority (‘the Authority’) has published a consultation paper (CR17-10/T11) on the Isle of Man Government’s Consultation Hub providing details of the consultation feedback received in relation to its proposals to enhance the existing CGC, which was issued in October 2017.

A number of detailed and informative responses were received from interested parties and The Authority’s responses include details of changes that have been made following the consultation exercise and indicate where the Authority will engage further with the non-life insurance industry in relation to certain aspects of the draft updated CGC.