Isle of Man issues consultation for local market general insurance sector

The Isle of Man Financial Services Authority has published a consultation covering the regulatory framework which governs the way intermediaries sell general insurance on the island.

The consultation document, which may be  read and downloaded here, “sets out the authority’s initial views on developing the island’s existing regulatory framework for the supervision of general insurance intermediaries,” according to a statement on the IoM FSA’s website.

The consultation, it adds, “will be of most relevance to general insurance intermediaries and reinsurance brokers carrying on business in or from the island”. A government spokesperson said that it is therefore likely to be of little interest to companies interested in international markets.

The deadline for comments is 23 December.

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