The Isle of Man Financial Services Authority issues consultations on regulations for changes to the capital framework for non-life insurers and proposals in respect of class 12 authorisation

Published on: 22 July 2019

The Isle of Man Financial Services Authority (“the Authority”) has today issued consultation papers on the Authority’s proposed regulations for an updated risk-based capital framework for non-life insurers (CP19-05/T04), and on the Authority’s proposals to amend the criteria by which an insurer might qualify for a reduced or simplified level of regulation under class 12 authorisation (CP19-04/T04). Feedback on the consultations is requested by 13 September 2019.