Valsen Corporate


Structured Investment-Linked Insurance Business

Consultation Paper on – The Regulatory Framework for Structured Investment-Linked Insurance Business in Mauritius (SILIB)

Introduction – Structured Investment-Linked Insurance Business As announced in the National Budget 2020-2021, the Financial Services Commission Mauritius (FSC) will introduce a regulatory framework for Insurance Wrappers, which will henceforth be referred to as Structured Investment-Linked Insurance Business (SILIB) in order to enhance the competitiveness of the financial services sector.  The FSC is proposing to introduce the SILIB within […]

Procurement of Insurance Services

Tender: Procurement of Insurance Services for Motor Vehicles and Assets for the Anti-Doping Agency of Kenya

The Anti-Doping Agency of Kenya (ADAK) is inviting sealed tenders from eligible candidates for the Provision of General Insurance Services for Motor Vehicles and Assets for an initial period of one year, renewable annually up to a maximum of three years subject to the Satisfactory Performance and at the discretion of the ADAK.  This tender is open to all interested […]

Severe Reminder To General Insurance Intermediaries by the FCA

Severe Reminder To General Insurance Intermediaries by the FCA

The Financial Conduct Authority (FCA), which has identified regular shortcomings concerning general insurance intermediaries’ client money arrangements, is reminding companies of their responsibilities and the implications of non-compliance.   “Firms holding client money are accountable for ensuring they understand the related regulatory requirements,” wrote the regulator in a new ‘Dear CEO’ letter to general insurance intermediaries.   “Principle 10 of the FCA’s Principles for Business states […]