Guernsey Insurance Business Rules and Guidance
Conduct, solvency, governance and reporting rules for licensed insurers and insurance managers.
- Applies in
- Guernsey
- Edition
- 2021
- Area
- Insurance
What an assessor reads first.
The headline requirements in Amoreg’s catalogue, in the issuer’s own numbering where it has one. They are where a review starts, not a transcription of the text.
- SOLMinimum and prescribed capital requirementsCapital
- ORSAOwn risk and solvency assessmentRisk
- GOVGovernance and outsourcing to insurance managersGovernance
- REPAnnual return and notificationsReporting
How Amoreg keeps you on it.
Enable the Guernsey Insurance Business Rules and Guidance and the Monitor suggests GFSC as a source. Every publication it records keeps its source, stage and date.
Inspector reads your policies against these 4 requirements every week and opens a finding wherever one falls short, citing the rule and drafting the fix. A person decides what is applied.
Each week
- Read gfsc.gg/news
- Check the library against 4 requirements
- Open findings with drafted fixes
- Wait for a person to decide
Policy does not yet set out: minimum and prescribed capital requirements
- Rule
- Guernsey Insurance Business Rules and Guidance, SOL
- Area
- Capital
- Proposed by
- Inspector
- Decided by
- A named person, once reviewed
The same ground, elsewhere.
- Solvency II / Solvency UKThree-pillar prudential regime for insurers: capital, governance and risk management, reporting.European Union / United Kingdom · 6 controls
- Insurance Distribution DirectiveConduct, product oversight and governance, and disclosure for insurance distributors.European Union · 4 controls
- FCA Handbook — ICOBS (Insurance: Conduct of Business)Conduct rules for general insurance and protection distribution.United Kingdom · 5 controls
- Lloyd's Principles for doing business at Lloyd'sThe thirteen principles managing agents are assessed against, replacing the Minimum Standards.United Kingdom · 6 controls
- IAIS Insurance Core PrinciplesThe global standard for insurance supervision and the ComFrame for internationally active groups.Global · 5 controls
Also in Guernsey
- GFSC Handbook on Countering Financial Crime (AML/CFT/CPF)The Bailiwick's AML/CFT/CPF rules and guidance for financial services businesses and prescribed businesses, issued under the Criminal Justice (Proceeds of Crime) regulations.Guernsey · 8 controls
- Data Protection (Bailiwick of Guernsey) Law, 2017The Bailiwick's GDPR-equivalent law, with EU adequacy.Guernsey · 9 controls
- GFSC Cyber Security Rules and GuidanceBoard-owned cyber security based on the NIST functions, for all licensees.Guernsey · 5 controls
- GFSC Finance Sector Code of Corporate GovernancePrinciples for the boards of all Guernsey licensees, with an annual confirmation of compliance.Guernsey · 5 controls
- GFSC Fiduciary Rules and GuidanceConduct, client asset, record keeping and resourcing rules for fiduciary licensees.Guernsey · 5 controls
- Guernsey Beneficial Ownership RegimeResident agent duties to identify and register beneficial owners of Guernsey legal persons.Guernsey · 3 controls
Questions
Does Amoreg watch for changes to the Guernsey Insurance Business Rules and Guidance?
Yes. Enable it and the Monitor suggests Guernsey Financial Services Commission as a source; every publication it records keeps its source, stage and date.
Can Amoreg check our policies against the Guernsey Insurance Business Rules and Guidance?
Yes. Inspector reads your library against its requirements every week and opens a finding, with the rule it cites and a proposed fix, wherever a policy falls short. A person decides what is applied.
Which edition does Amoreg use?
The catalogue records 2021. Editions were last verified in August 2026, and the Monitor records new publications as they appear.