Class Of Insurance Business
The stated capital obligations of an insurer according to the class of insurance business. Class of Insurance Business Amount...
Insurance in Mauritius is regulated by the Insurance Act of 2005 and the Insurance Regulations of 2007. The Financial Services Commission, under the Financial Services Development Act 2001, assumed the regulatory role from the Controller of Insurance under the Ministry of Economic Development, Financial Services, and Corporate Affairs. This regulatory framework ensures transparency, stability, and consumer protection within the insurance sector, bolstering investor confidence and maintaining high standards of operation.
Stated Capital of Insurer
As per the Regulations made under the Financial Services Development Act, 2001, no insurer shall carry out insurance business...
Margin of Solvency
General and Reinsurance Business Insurance In the case of insurers carrying on general insurance or reinsurance business, the value...