The Insurance Division supervises and enforces insurers’ compliance with the conduct of business requirements of the Long- and Short-term Insurance Acts and subordinate legislation made under these Acts, and develops regulatory proposals on how these requirements may need to be adapted to best meet the objectives of insurance regulation and supervision.
This includes the development of legislative and regulatory frameworks, supervision of legislative and regulatory frameworks, and the assessment of complaints received against insurers and entities who conduct unregistered business (in accordance with a delegation from the Prudential Authority).
