Applications

The Isle of Man Financial Services Authority (“the Authority”) is responsible, under the Insurance Act 2008, for the authorisation of insurance businesses on the Isle of Man.

Applications for authorisation are made in writing by the applicant to the Authority. As part of this authorisation process the Authority seeks to ensure that new entrants to the insurance sector meet the required minimum standards expected of an Isle of Man regulated entity, thereby protecting the reputation of the Island as a reputable and responsible financial centre.

The documentation required to be submitted as part of the application is defined in the Regulations and Guidance Notes for Insurance Business