Regulatory Alerts2025-03-28
GFSC Guidance Note on Financial Management and Planning by Insurers
The Gibraltar Financial Services Commission issues this guidance to establish regulatory expectations for insurers regarding the development of risk appetite statements and the creation of medium-term business and financial plans. The document mandates that insurers align their capital management, dividend policies, and stress testing outcomes with their board-approved risk appetites to ensure solvency and sustainability. It further requires insurers to notify the regulator of proposed dividend payments at least 30 days in advance and demonstrates how the GFSC will assess these distributions against capital adequacy and governance standards.
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