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.

If you are carrying on a regulated activity in or from the Isle of Man, you will need to be authorised by the Authority.  Please see the Insurance Act 2008 for details of what constitutes regulated activities and the Insurance Regulations 2021 for specified exemptions from the requirement to hold an authorisation.

Applications for authorisation are made in writing by the applicant to the Authority. As part of the 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 interests of policyholders to an appropriate degree and maintaining the Island’s reputation as a responsible international financial centre.

For more details about the documentation and information required to be submitted as part of the application, applicants should refer to the Insurance Authorisation Guidance and the Business Plan Guidance.

The Authority will look to complete its consideration of the application within the following indicative timescales:

    • Life applicant – 6 months
    • Non-life non class 12 applicant – 3 to 6 months
    • Class 12 applicant – 6 weeks to 3 months (also see below for potential accelerated timescales for certain class 12 applicants). 

The indicative timescales are dependent upon receipt of an application that the Authority deems to be complete and are subject to a number of factors including:

    • Satisfactory completion of the fitness and propriety process
    • Receipt of any inter-regulatory communications
    • The nature of the application
    • The quality of the application.

The Authority may consider an accelerated timescale of 4 to 6 weeks for completion where the applicant is lower risk as explained in Insurance Authorisation Guidance.

In respect of each applicant:

  • A non-refundable fee is payable when you apply for authorisation. This application fee goes towards the Authority’s costs in processing the application.
  • An annual authorisation fee is payable in advance on 6 April for each year in which you are authorised. When you are authorised, the annual fee will be pro-rated to cover the period until the next annual renewal.

Current application and annual fees are detailed in the Insurance (Fees) Regulations 2021.

The Non-Life Insurance Supervision Team can be contacted by email on or by telephone on 646000.