Go to content
${facet.Name} (${facet.TotalResults})
${item.Icon}
${ item.Overline }
${ item.Title }
${ item.Date } | ${ item.Authors }
${ item.PhoneNumber } ${ item.Email }
${ item.ShortDescription }
${ item.SearchLabel?.ViewModel?.Label }
See all results
${facet.Name} (${facet.TotalResults})
${item.Icon}
${ item.Overline }
${ item.Title }
${ item.Date } | ${ item.Authors }
${ item.PhoneNumber } ${ item.Email }
${ item.ShortDescription }
${ item.SearchLabel?.ViewModel?.Label }
See all results
  1. Home
  2. Our Blogs
  3. Regulatory
  4. Cayman Islands updates insurance regulations to strengthen governance and policyholder protections

Cayman Islands updates insurance regulations to strengthen governance and policyholder protections

12 Dec 2024
|

On 14 October 2024, the Cayman Islands Monetary Authority (CIMA) updated its insurance regulatory measures under Section 34 of the Monetary Authority Act. These changes strengthen CIMA’s capacity to issue and revise critical rules, regulatory guidance and principles focussed on governance, risk management, and policyholder protection.

Clarifying licencing standards, business conduct expectations and solvency requirements, the updates align local insurance regulations with global standards, fostering a resilient and transparent insurance sector.

For more information, please visit CIMA's official page.

Authors
Juan Pablo Urrutia
Partner | Funds & Regulatory | Cayman Islands
Mirza Manraj Harneys front portrait image on a grey background
Mirza Manraj
Counsel | Funds & Regulatory | Hong Kong