ARTICLE
23 April 2021

Cayman Islands Insurance Regulatory Update

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Walkers

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The Cayman Islands Monetary Authority ("CIMA") has issued a new Regulatory Policy on Licensing for Class B Insurers, effective immediately, which sets out CIMA's expectations...
Cayman Islands Insurance
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The Cayman Islands Monetary Authority ("CIMA") has issued a new Regulatory Policy on Licensing for Class B Insurers, effective immediately, which sets out CIMA's expectations and licensing requirements for applicants of class B insurer's licences. In addition, CIMA has a new Rule on Professional Qualification Requirements for Insurance Companies, Brokers, Agents and Agencies, effective 1 December 2021, which sets out minimum professional qualification requirements for relevant persons of insurance companies, brokers, agents and agencies.

Please click on the advisory links below to read a summary of the key practical points.

CIMA Issues New Licensing Policy for Class B Insurers

CIMA Issues New Professional Qualification Rule for Insurance

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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