Insurance Regulation Omnibus Consultation – Feedback Paper
3rd August 20183rd August 2018
Following the closing of The Insurance Regulation Omnibus Consultation Paper on 26 April 2018 and analysis of responses, the Commission is today issuing a feedback paper, as well as associated rules, amendment rules, and guidance applicable to insurers licensed under the Insurance Business (Bailiwick of Guernsey) Law, 2002.
The feedback consultation response can be found here.
The following issued rules, amendment rules, and guidance can be found on the Legislation and Guidance page of the Commission’s website:
The Insurance Business (Public Disclosure of Information) Rules, 2018
The Licensed Insurer’s (Conduct of Business) Rules, 2018
Guidance Note for Licensed Insurers on Category 6 – Non-Special Purpose Insurers
Guidance Note for Licensed Insurers on Reinsurance and Other Forms of Risk Transfer
Guidance Note on Licensed Insurers’ Own Solvency Assessment
Guidance Note for Licensed Insurers on Change of Majority Shareholder Controller
Information on when the above come into force, transitional periods for adoption by licensed insurers (where applicable), and the deadlines with regard to the increased frequency of solvency reporting (for those licensed insurers where this is applicable) can be found within the feedback paper.