| Life premium volume (USD) | 4 mn |
|---|---|
| Non-life premium volume (USD) | 17 mn |
| Total premium volume | 21 mn |
| Total premium volume (SCR) | 250 mn |
| Insurance penetration: Premiums in % of GDP | 2.14% |
| Insurance density: Premium / capita USD | 230 |
| Local currency | SCR |
| Domestic life insurers | 0 |
|---|---|
| Domestic non-life insurers | 0 |
| Domestic composite insurers | 3 |
| Foreign life insurers | 0 |
| Foreign non-life insurers | 0 |
| Foreign composite insurers | 3 |
| Domestic reinsurers | 1 |
| Foreign reinsurers | 0 |
| State-owned insurers | 0 |
| State-owned reinsurers | 0 |
| Insurance intermediaries | 20 |
| Reinsurance intermediaries | 0 |
| Overarching principle in insurance supervision | Financial supervision |
|---|---|
| Requirement for minimum insurance rates | No |
| Cross-border insurance allowed | No |
| Bancassurance is allowed | No |
|---|---|
| Allowed ownership structures | Translation missing: en.country_dashboard.allowed_ownership_structures_values.0 |
| Foreign ownership restrictions | No |
| Minimum capital requirement | 100,000 USD |
| Minimum paid-up share capital | 0 |
| Requirement for independent audits | Yes |
| Requirement to appoint actuaries | Yes |
| Premium rate approval needed | No |
| Solvency referred to as the difference between assets and liabilities | Yes |
|---|---|
| RBC (Risk-based capital) principles applied | No |
| Ceded reinsurance is regarded as a permissible asset | Yes |
| Compulsory insurance lines | Motor Third Party Bodily Injury |
| Compulsory reinsurance cessions | No |
| Established guarantee or policyholder protection fund | No |
|---|
