Why Guernsey for Insurance?

Page 1


Why Guernsey For Insurance?

Guernsey is home to a specialist insurance sector

Providing alternative risk transfer solutions to a wide range of clients

An experienced and broad ecosystem of service providers

Guernsey provides a flexible, responsive regulatory regime outside of the EU

A long history of providing innovative risk solutions - the inventor of the PCC

With a robust ESG framework for insurers

Guernsey: Europe’s premier captive domicile

With specialist knowledge from ICCs and PCCs to pure captives and rent-a-cell insurance

base

Guernsey: an emerging centre for Managing General Agents (MGAs)

Build, run, grow and exit using Guernsey MGAs

Home to a diverse and specialist insurance sector

A flexible and pragmatic approach to regulation

Quick and easy access to international markets

Offers leading global products and solutions such as the PCC, ICC and transformers

“The Commission offers a simple and easy to use application process for MGAs. In doing so, the Commission is pleased to make clear that it welcomes applications from good quality MGAs who wish to take advantage of the Bailiwick’s businessfriendly culture and independently assessed adherence to international insurance core principles.”

Guernsey: Home to run-off specialists

Guernsey’s expert insurance industry and track record of innovation support a thriving environment for managing run-off insurance

Offers a regulatory regime that is more flexible than Solvency II or equivalent

Guernsey’s vibrant insurance industry provides cost-efficient solutions for run-off

A supportive environment for all services including boutique providers

“Run-off is big business. Guernsey is home to a number of those run-off specialists and its legislative framework offers a variety of tools to assist insurers towards the end of their lives.”

Guernsey: Europe’s premier ILS domicile

A track record for innovation and a can-do attitude from service providers and regulators

Home to a specialist reinsurance sector, providing alternative risk transfer solutions to sophisticated clients

A flexible, responsive regulatory regime outside of the EU

Close to London and other major European finance centres, with a reputation for innovation

Supports ILS from collateralised re to cat bonds and rated reinsurance companies

Home to world firsts, such as the first humanitarian catastrophe bond covering pure volcanic eruption

St James, Guernsey

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.