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LEGAL NOTICE NO THE INSURANCE ACT (Cap. 487) THE SUITABILITY OF KEY PERSONS GUIDELINES, 2018 IN EXERCISE of the powers conferred by section 3A(a), (b) and (g) of the Insurance Act, the Insurance Regulatory
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Who needs insurance group-wide supervision regulations?

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Policyholders and beneficiaries who rely on the stability and financial soundness of insurance groups.
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Insurance group-wide supervision regulations are regulations that aim to ensure effective supervision of insurance groups operating across multiple jurisdictions.
Insurance groups that operate across multiple jurisdictions are required to file insurance group-wide supervision regulations.
Insurance group-wide supervision regulations can be filled out by providing detailed information about the structure, operations, and risks of the insurance group.
The purpose of insurance group-wide supervision regulations is to enhance the supervision of insurance groups to protect policyholders and maintain financial stability.
Information such as financial data, risk management practices, corporate governance structure, and regulatory compliance must be reported on insurance group-wide supervision regulations.
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