Regulatory Alerts2025-01-01
Circular No. 9 of 2025 - Annual Submission of Reinsurance Treaties
The Financial Services Authority mandates that all licensed insurance companies under the Insurance Act, 2008 submit copies of their in-force reinsurance treaties annually. Submissions must cover proportional, non-proportional, and facultative arrangements alongside supporting documents like treaty wordings, retention limits, reinsurer ratings, and effective dates, and must be emailed to igp.supervision@fsaseychelles.sc by March 31st each year. Non-compliance constitutes a statutory offence, empowering the Authority to enforce appropriate measures against failing companies.
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