2016 Roadmap for updating the Isle of Man's regulatory framework for insurance business

The Isle of Man Financial Services Authority (“the Authority”) has today issued its 2016 Roadmap for updating the Isle of Man's regulatory framework for insurance business.

The Roadmap was first issued in June 2013 to provide an overview of a significant update to the Isle of Man's insurance regulatory framework which is consistent with the Authority’s aims of ensuring that the Island has a proportionate and robust regime for the regulation and supervision of insurance business, as reflected in developments in relevant international standards.

At that time the Authority advised that the Roadmap would be updated periodically during the project in order to keep stakeholders informed and updated versions were issued in June 2014 and 2015.

The Authority is now pleased to issue the 2016 Roadmap, which provides regulated entities and other relevant stakeholders with information on progress over the past twelve months and looks ahead to significant work streams over the forthcoming year.

Please view a copy of the Roadmap.