Regulatory Alerts2025-05-16
Insurance Regulation Omnibus Consultation (April 2018)
The Guernsey Financial Services Commission proposes revisions to insurance rules and guidance to align with International Association of Insurance Supervisors standards. Key changes include mandatory electronic public disclosure, new conduct of business rules for retail insurers, and an expanded Own Risk and Solvency Assessment requirement. The consultation also introduces semi-annual solvency reporting for significant insurers and new guidance on reinsurance and special purpose entities.
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