Topic: Regulators
Australia
Securities & Investment Commission, Insurance Portal
ASIC is responsible for consumer protection legislation and administers the Insurance
Contracts Act. It is also responsible for the registration of brokers.
Australian Prudential
Regulation Authority (APRA)
Responsible for prudential regulation of the financial sector and the authorising of
insurers.
The
Bahamas - Captive Insurance
Describes regulatory environment aimed at making The Bahamas an international insurance
centre. Captive insurance "insures the risks of its owners who are not in the
business of insurance."
Bulgaria - State
Insurance Supervision Agency (SISA)
Offers information on the activity of the Agency, the insurance market in Bulgaria, a
register with the licensed insurers and insurance brokers, and insurance legislation.
[Bulgarian, English]
Georgia -
Insurance State Supervision Service Of Georgia
Participates in policy decisions, coordinates activity, promotes development of the
insurance industry, and supervises insurance activities. [Georgian, English]
Guernsey
Financial Services Commission, Insurance
Site offers both promotional and regulatory information for insurance in the Bailiwick of
Guernsey.
Hong Kong - Office
of the Commissioner of Insurance (OCI)
Ensures that the interests of policy holders or potential policy holders are protected and
promotes the general stability of the insurance industry.
India - Insurance
Regulatory and Development Authority (IRDA)
Established by Parliament to protect the interests of the policyholders, to regulate,
promote, and ensure orderly growth of the insurance industry.
Ireland
- Insurance Section: Department of Enterprise, Trade, and Employment (DETE)
Provides information of use to companies, consumers, students, and public representatives.
Includes guidelines and policy documents.
Isle of Man - Insurance
and Pensions Authority
Presentation of the jurisdiction's regulatory environment and contact information. Claims
to "deter the unscrupulous without hindering forward thinking dynamic
companies".
Jersey - Financial
Services Commission, Insurance
Provides regulatory information concerning legislation, codes of practice, and policy.
Korea - Insurance Supervision
Department
Part of the Financial Supervisory Service. Describes the department and offers statistical
information concerning Korean insurance companies and other financial institutions.
Latvia - Financial and
Capital Market Commission
Protects the interests of investors, depositors and the insured, and promotes the
development and stability of financial and capital markets. [Latvian, English]
New Zealand - Insurance
and Superannuation Unit (ISU)
Part of the Ministry of Economic Development. ISU supervises compliance of insurance
companies and registered superannuation schemes. Site includes reports, newsletters,
rating schedules, and forms.
Philippines - Insurance
Commission
Part of the Department of Finance. Protects the insuring public and ensures the financial
stability of the industry in order that all legitimate claims are met promptly and
equitably.
Romania -
Insurance Supervisory Commission
Independent authority which actively seeks to protect the insured's rights and to promote
a stable insurance environment. [site in Romanian and English]
Singapore - Monetary Authority
of Singapore (MAS), Insurance
Regulates insurance, banking, and equities, and conducts Singapore's monetary policy.
Insurance information is found in many of the major sections of the site.
Slovenia
- Insurance Supervisory Authority of the Republic of Slovenia
Part of the Ministry of Finance. Handles business relating to the founding, operations
supervision and closure of insurance companies and companies conducting other insurance
business.
South Africa -
Council for Medical Schemes
Autonomous statutory body, established by the Parliament of South Africa to provide
supervision over medical schemes. Site describes organization, legislation, and offers
consumer assistance.
South
Africa - Insurance Department
Part of the Financial Services Board (FSB). The Department consists of two divisions:
Registration and Policy, and Prudential Supervision.
Taiwan -
Department of Insurance
Site mostly in Chinese. Documents in English include annual reports and the Insurance Laws
& Regulations of the Republic of China.
United Kingdom -
Financial Services Authority (FSA)
Independent body which regulates financial services. Site is organized by topic, not
business class. Thus insurance content will be found in topics such as News, Consumer
Help, and Industry Help.
