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ARTICLE · 31 AUGUST 2018

Insurance Regulation In Africa - Ten Things To Know About Mauritius

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Norton Rose Fulbright have created a guide to provide an overview and practical checklist of ten common regulatory issues for insurance companies on which they are frequently asked to advise upon for key African jurisdictions where most of their clients operate or in which they are interested in expanding.

BermudaInsurance
Malcolm Moller
Malcolm Moller
Anjana Ramburuth
Anjana Ramburuth
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Norton Rose Fulbright have created a guide to provide an overview and practical checklist of ten common regulatory issues for insurance companies on which they are frequently asked to advise upon for key African jurisdictions where most of their clients operate or in which they are interested in expanding. Our Mauritius team contributed to this guide, providing their thoughts on insurance regulation from a Mauritius perspective.

The regulator

Insurance business is regulated by the Financial Services Commission (FSC) in Mauritius, through the Enforcement Committee, which is empowered to exercise the disciplinary authority of the FSC to impose administrative sanctions on regulated insurance businesses as it deems fit. The FSC licenses insurance/reinsurance companies as well as insurance service providers (insurance brokers, insurance agents (company/individual), insurance managers, and insurance salespersons and claims professionals). No person or corporation can

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