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International

Regulator defers implementation of insurers' capital and solvency framework

March 08, 2018 Reprints

The Isle of Man Financial Services Authority has deferred the implementation date for the updated capital and solvency framework for nonlife insurers by 12 months to June 30, 2020, International Investment reported. The regulator said that further engagement is needed to determine the final approach in some areas of the proposed capital and solvency framework. The insurance industry will need time to prepare for the implementation of the new framework, the FSA added.

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Regulator defers implementation of insurers' capital and solvency framework

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