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ARTICLE · 30 JANUARY 2026

Insurance Initiatives In The Bermuda Monetary Authority 2026 Business Plan

Kennedys Law LLP
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The Bermuda Monetary Authority (BMA) published its 2026 Business Plan on 22 January 2026 outlining its objectives for the year. This article will focus on the insurance initiatives.

BermudaInsurance
Nick Miles
Nick Miles
Megan Denos
Megan Denos
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The Bermuda Monetary Authority (BMA) published its 2026 Business Plan on 22 January 2026 outlining its objectives for the year. This article will focus on the insurance initiatives. The BMA stated it will continue to strengthen its regulatory and supervisory oversight in the insurance sector with a goal to move towards more efficient, streamlined regulation by simplifying processes and enhancing speed to market.

The following are the insurance specific initiatives:

  • Transposing and embedding the Common Framework for Internationally Active Insurance Groups (IAIG) (ComFrame) and the Holistic Framework (HF) for systemic risk into the Bermuda commercial regulatory regime

Adopted by the IAIS in 2019, the ComFrame and the HF provide comprehensive, global standards for insurance supervision. ComFrame ensures effective, group-wide supervision of IAIGs, while the HF addresses systemic risk through sector-wide monitoring rather than focusing solely on

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances. Kennedys operates in Bermuda in association with Kennedys Chudleigh Ltd.

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