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|DP14-09 Enterprise Risk Management, Internal Models and Operational Risk for life insurers - discussion paper ||I.P.A||DP14-09 Enterprise Risk Management, Internal Models and Operational Risk for life insurers - discussion paper |
This discussion paper sets out issues relating to the use of Enterprise Risk Management by life insurers, the use of internal models for regulatory capital purposes, and the calculation of capital requirements for operational risk, all in the context of life insurance business.
This document will be of direct interest to all existing and prospective insurance companies undertaking long term insurance business in or from the Isle of Man. Other parties with an interest in the Isle of Man life assurance sector may also find this discussion paper and the issues raised of interest.
|23 December 2014 - 13 February 2015|
|Isle of Man Queen Scallop Consultation 2015||D.E.F.A||Proposals for future management of the Isle of Man Queen Scallop fishery|
Views are sought on a number of proposed measures to manage the Queen Scallop fishery in the Isle of Man territorial sea, so as to achieve its sustainable future
|22 December 2014 - 9 February 2015|
|Consultations issued by the Commission on proposals to introduce discretionary civil penalties for serious regulatory failings||F.S.C||Consultation on Implementation of Discretionary Civil Penalties|
On 19 December 2014 the Commission published a summary of responses to the second consultation which includes a summary of the responses received and details of subsequent amendments and clarifications to proposals for discretionary civil penalties for serious regulatory failings.
In addition to the above, the Commission published the revised draft Regulations and draft Guidance Note as part of a third and final round of consultation prior to implementation in 2015. Comments on the changes made to the proposals and their impact are welcome – preferably by email.
For information: The first consultation was carried out from 25 January to 8 March 2013. The second consultation was carried out from 24 January to 21 March 2014. The third consultation is open from 19 December 2014 until 30 January 2015.
|19 December 2014 - 30 January 2015|
|Consultation on Changes to Regulatory Fees from 2015 ||F.S.C||Consultation on Changes to Regulatory Fees from 2015 |
This consultation is particularly relevant to all licence applicants, licenceholders, and collective investment schemes.
|12 December 2014 - 30 January 2015|
|CP14-06 Launch of QIS1||I.P.A||CP14-06 Launch of QIS1|
This paper provides details of the first quantitative impact study for life insurance business (“QIS1”).
The updated technical specification following the consultation on valuation and capital adequacy for life insurance business is also attached, together with a set of risk free curves for the currencies set out in the technical specification.
A set of 6 results templates are provided for population by life insurers with the results of their QIS1 calculations.
A questionnaire is included which insurers are requested to complete and return together with their results.
A document has been added to provide an update on QIS1 and a request for information.
|30 September 2014 - 30 March 2015|