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Insurance Update – Isle of Man

Insurance Update – Isle of Man

The last number of years have been a busy time for both regulators and insurers in the Isle of Man with the introduction of the new risk-based solvency regime for life insurers in 2018. This article by Michael Fitzgerald looks at the most recent developments, including the introduction of the Insurance (Group Supervision) Regulations 2019 and the Corporate Governance Code of Practice for Designated insurers which came into effect on 1 July 2019. It also looks at the next stages…

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