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Bermuda
Walkers
Bermuda has always provided an efficient process for insurance submissions of all classes, with applications being approved in under two weeks.
Appleby
Despite the impacts of the Covid-19 pandemic and subsequent restrictions on travel and face-to-face meetings, Bermuda attracted a significant amount of startup capital in 2020 ahead of expected reinsurance market firming.
Appleby
While the emergence of property and casualty (P&C) startups in Bermuda is likely to be muted in the months ahead, the influx of life reinsurers is expected to continue and will only strengthen the Bermuda marketplace...
Ocorian
Executive Director, Sherman Taylor and Partner, Louise Charleson discuss the impact of Bermuda's new cyber risk code of conduct. *
Conyers
The Bermuda Monetary Authority (BMA) has moved to place emphasis on innovation, with legislation being introduced to promote innovation across the insurance sector.
Cayman Islands
Walkers
The Cayman Islands is already well-established as an insurance jurisdiction, with 770 insurance licensees conducting business under the supervision of the Cayman Islands Monetary...
Cyprus
Ernst & Young Cyprus Ltd
We note that the overdue contributions can be settled in 54 monthly instalments.
Guernsey
GuernseyFinance
The ILS market in Guernsey sees the proliferation of ESG risks as the gateway to the convergence between captives and alternative capital, explains Walkers Partner Kate Storey in an article for Insurance Day.
GuernseyFinance
Two world firsts in Guernsey's insurance sector demonstrate how the island's expertise and regulatory regime allow innovation to flourish while still meeting current international standards...
Hong Kong
Timothy Loh
This Guideline explains how the Insurance Authority exercises its discretion to authorize special purpose insurers.
Mayer Brown
The Hong Kong Insurance Authority (IA) has recently published the "Guideline on Application for Authorization to Carry on Special Purpose Business" (the Guideline) which came into force on 30 June 2021.
Timothy Loh
The ILS Grant scheme aims to boost Hong Kong's position as a global risk management centre like Bermuda and Singapore.
Timothy Loh
The legislation amends the Insurance Ordinance, with a new class of insurance business called "special purpose business".
Ireland
Dillon Eustace
On 19 April 2021, the European Insurance and Occupational Pensions Authority (EIOPA) published its opinion on the supervision of the use of climate change risk scenarios in the Own Risk and Solvency Assessment (ORSA).
Luxembourg
Wildgen
_L'Accord de Commerce et de Coopération (l'Accord) conclu entre le Royaume-Uni et l'Union Européenne (UE) est entré en vigueur le 1er mai 2020.
Malta
GVZH Advocates
Every year, it is estimated that around up to 40 people suffering from disabilities request an insurance company to acquire life insurance for the purpose of obtaining a home loan.
Ganado Advocates
Whilst certainly not the newest kid on the block, Protected Cell Companies (PCC) have now gained a lot of traction and momentum, with interest and new setups growing exponentially over the last couple of years.
United Arab Emirates
BSA Ahmad Bin Hezeem & Associates LLP
Health Insurance is by far the largest line of risk, alongside motor insurance in the Middle East. Both lines of insurance tend to be mandatory in several of the GCC countries, save that health insurance...
BSA Ahmad Bin Hezeem & Associates LLP
The disruption caused by COVID-19 has had a wide-ranging effect on the world economy and the overall economic slowdown and disruption in the market has impacted the insurance sector as well, ...
BSA Ahmad Bin Hezeem & Associates LLP
On 13 June 2021 the UAE Central Bank issued a circular with reference no. CBUAE/BSD/N/2021/3148 ("the Circular") addressed to all financial institutions operating in the UAE...
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