Regulatory Alerts2024-01-01
Captive Insurance (Captive Insurance Business) Rules 2024
The Financial Services Commission of Mauritius issued these rules to regulate licensed captive insurers by mandating strict risk management frameworks, minimum capital and solvency ratios, and clearly defined business categories. The regulations require captive insurers to maintain adequate technical reserves, adhere to diversified investment and loan principles, and submit timely contingency plans when exceeding premium or technical provision limits. Furthermore, the rules enforce rigorous audit and actuarial appointment procedures alongside detailed financial reporting to ensure ongoing solvency and orderly business conduct.
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