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Through the Finance Act 2015, the Insurance Act was amended by reviewing the minimum capital requirements, introducing the risk capital and reviewing the requirements for registration of insurance agents amongst others. For ease of supervision of the areas reviewed, the Authority has developed the following instruments:-

  1. Draft Insurance Capital Requirements Regulations 2015
  2. Actuarial Valuation Guideline
  3. Guideline on Registration of Insurance agents
  4. An outline on agency agreement
  5. Agents Return by the Insurers
  6. Business Continuity Management

Click on the link below to download the draft Guidelines. You are encouraged to read through and send your comments to This email address is being protected from spambots. You need JavaScript enabled to view it.

pdf   Draft Actuarial Valuation Guideline

pdf   Draft Agency Agreement

pdf   Draft Agent return by the Insurer

pdf   Draft Guideline on Registration of Insurance Agents

pdf   Draft Insurance Capital Requirements Regulations 2015

pdf   Draft Investment Guidelines

pdf   Draft Risk Based Capital Adequacy Guideline

pdf   Business Continuity Management

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