Cayman Islands: Insurance Laws and Products

Tokenised risk financing is revolutionising the insurance industry by using blockchain technology to represent insurance risks as digital tokens that can be traded by investors. This digital transformation promises to make capital markets more accessible, improve liquidity, and reduce friction in transferring risk, though regulatory frameworks and industry standards are still evolving to accommodate this innovation.

Onsite inspections are a key supervisory tool employed by the Cayman Islands' financial services regulator, the Cayman Islands Monetary Authority (CIMA), to monitor regulatory compliance and assess the soundness of regulated entities including insurers

While there was lots to read about from a Cayman Islands perspective this past year, our most popular articles came from our Regulatory & Risk Advisory...