Insurance analysis

Key regulators and standard setters

The insurance sector is a major driving force in many international financial centres. In a climate of economic downturn throughout the world, the quality of regulation in the insurance industry is vital for the long term viability and quality of the reputation of both individual operators and jurisdictions.

This section also provides a source for all the main data issued by the industry and regulators. We deliver an analysis of the size and scope of both the industry and its sub divisions. Turn to these pages to read the latest supervisory initiatives from international standard setters and individual jurisdictions. This section reports not only on strategic and policy directives but technical themes which define the proficiency of centres. It will signpost the regulatory direction internationally.

On these pages, read about how key jurisdictions have approached regulatory and supervisory issues. We carry reports on how centres have reshaped their strategies according to international consensus and national market need.

The Bermuda Monetary Authority

Bermuda is the largest and most important international financial centre for insurance services. It has been both a product and service innovator and a regulator standard setter. In recent years, it has come under strengthened compeitition from Cayman, Ireland and Guernsey. We examine how the Bermuda Monetary Authority approaches regulation and where its impratives lie. 

Insurance industry regulation in Guernsey

The Guernsey Financial Services Commission (GFSC) is one of the key insurance regulators in Europe. Certainly, Guernsey is the largest jurisdiction in Europe for captive insurance. The reputation of Guernsey as an innovative supervisor of its insurance insurance is shown in the approach of the GFSC to towards key regulatory and technical issues. We examine the growth of the insurance industry in Guernsey and why Guernsey has emerged as a key player.