Cayman Islands: Reinsurance

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.

Premier and Minister for Financial Services and Commerce, the Hon. André Ebanks has completed an active series of international and local engagements...

On 23 June 2023, the FATF announced that the Cayman Islands had fulfilled the remaining action item and is now eligible for removal from its list of jurisdictions subject to increased monitoring.