Regulatory Alerts2018-01-01
Insurance Supervision Prudential Standards 2018
The Insurance Commissioner of Samoa issued the Insurance Supervision Prudential Standards 2018 to regulate general insurance companies under the Insurance Act 2007. These standards establish minimum requirements for corporate governance, risk management frameworks, fit and proper personnel, external audit roles, solvency, reinsurance, and complaints management. The regulations aim to ensure insurers maintain robust internal controls, transparency, and financial stability to protect policyholders and stakeholders.
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