Regulatory Alerts2025-01-01
Guidance Notes and Information concerning the Insurance Regulations 2025 and the CGC
The Isle of Man Financial Services Authority issued this guidance to clarify the application of the Insurance Regulations 2025 and the Corporate Governance Code of Practice for Insurers 2021. The document establishes specific qualifying criteria for class 12 insurers, imposes business restrictions on class 13 insurers, and mandates detailed SCR input reconciliations for most authorized insurers. It further standardizes compliance certification periods, ORSA submission timelines, and reporting requirements for material matters and regulatory approvals.
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