Insurance web aggregator branch registration requires corporate, fitness, website-access, regulatory-compliance, capital, and business-strategy disclosures from applicants. Registration applicants must submit corporate, financial, governance, operational and personnel records, including constitutional documents, net-worth and ... Summary
International Financial Services Centres Authority (Insurance Web Aggregator) Regulations, 2022
Insurance web aggregator branch registration requires corporate, fitness, website-access, regulatory-compliance, capital, and business-strategy disclosures from applicants.
Registration applicants must submit corporate, financial, governance, operational and personnel records, including constitutional documents, net-worth and shareholding certification, annual reports, website information, infrastructure details, training certificates and fit-and-proper disclosures. Notarised declarations by two directors or designated partners must address legal capacity, specified convictions, economic offences and relationships with other insurance-related entities. Existing insurance web aggregators or insurance brokers seeking to establish a branch must additionally disclose company, capital, shareholding, home-country regulatory, business-strategy and operational-viability particulars, supported by a certification of the accuracy of facts and projections.
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