The Insurance Act, 2008, which replaced The Insurance Act 1994 strikes a balance between the need for a firm, but flexible, regulatory system which 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.

Cookie Disclaimer

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies from this website. If you would like to change your preferences you may do so by following the instructions here.