Our life insurance companies are governed by their local insurance regulation regimes in the Isle of Man, Ireland and Guernsey.
In each region, there are minimum solvency requirements that life companies must adhere to.
Each life company within Utmost International is required to maintain a minimum solvency margin. This margin, where the company’s capital exceeds its projected liabilities, serves as a safeguard against potential losses. These solvency requirements are designed to provide a financial buffer, ensuring that Utmost International can endure potential future adverse events.
In addition, policyholder protection regimes are established in each region. These regimes dictate how client assets are held and managed, as well as the conduct of insurance companies. Regional regulations and compensation schemes are in place to protect clients.
The manner in which Utmost International conducts its business, combined with its size, strength, and the stringent regulatory environment in which it operates, creates a solid foundation for its operations.