Regulatory Alerts2020-01-01
Disclosure Requirements for Licensed Insurers in Fiji
The Reserve Bank of Fiji issued this notice under the Insurance Act 1998 to mandate licensed insurers to publish Key Disclosure Statements detailing their financial and prudential condition. The policy requires insurers to submit these statements for regulatory approval and publicly disclose specific metrics, including solvency margins, profitability, and asset sizes, within four months of the calendar year-end. This framework aims to enhance market transparency and discipline by providing policyholders and stakeholders with standardized, comparable information on insurer stability.
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