The Isle of Man Financial Services Authority has published its Consultation Response (CR21-06) on the proposed changes to the Long term business Valuation and Solvency Regulation.
The IOMFSA published its Consultation Response (CR21-06) on the proposed changes to the Long term business Valuation and Solvency Regulations.
Changes have been made following consultation to the SCR calculation for composite insurers, to the NSLT health lapse risk capital requirements and changes to clarify the qualitative criteria for risk mitigation techniques for reinsurance as risk mitigation.
The IOMFSA report that the changes are targeted to be brought into force by 31 December 2021.
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