The Insurance Act, 2008, which replaced The Insurance Act 1994 strikes a balance between the need for a firm, but flexible, regulatory system that protects the established image of the BVI as a respectable jurisdiction and avoids unnecessary bureaucracy.

The legislation is similar to that in force in many other offshore jurisdictions, with Government fees and management charges being considerably less than in Bermuda and Cayman.

Speak to our team of specialists
Contact us