The Caribbean Association of Insurance Regulators (CAIR) is an association of regulatory authorities in the Caribbean and Bermuda, lawfully charged with the supervision of the insurance industry in their jurisdictions. At present, the association is comprised of twenty-two members.
Fitness and Propriety Guidance
In an effort to enhance regional cooperation, membership felt the need to develop a common guidance in the assessment of fitness and propriety (F&P) of individuals performing or proposing to perform key functions or take up senior roles within the insurance sector and across the region.
The CAIR Fitness and Propriety Working Committee was developed in 2016 to establish guidance to be used when assessing F&P which can be applied across the CAIR membership.
The Financial Services Commission of Montserrat has become a member of the Caribbean Association of Insurance Regulators (CAIR) Multilateral Memorandum of Understanding (MMoU), an agreement for exchange of information and cooperation & consultation. Mr. Ruwan Jayasekera, President of CAIR commented that “I’m delighted about Montserrat’s decision to become a member of the CAIR MMoU. Collaboration […]VIEW MORE