Regulatory Alerts2025-08-14
Added · Updated
GFSC Guidance Note on Insurance Group Supervision
The Gibraltar Financial Services Commission issued this guidance note to define its approach to insurance group supervision under the Insurance Companies Regulations and Solvency 2 Technical Standards. The document details requirements for calculating group solvency capital requirements, selecting calculation methods, and assessing the availability of eligible own funds across complex corporate structures. It further outlines policies for supervising third-country undertakings, managing risk concentrations, and permitting temporary use of multiple calculation approaches during internal model development.