Regulatory Alerts2022-02-27
Standards for Insurers
The regulator issues solvency and fit and proper standards for licensed insurers under the Insurance (Prudential Supervision) Act 2010 to ensure financial resilience and managerial integrity. These requirements mandate that insurers maintain minimum capital levels to absorb losses and that board members possess the necessary competence and integrity. The document lists current, consolidated, and revoked legal instruments, including the Interim Solvency Standard 2023 and the Fit and Proper Standard, along with their respective effective dates.
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