Notice - 2022 Annual Return Templates for Insurance Intermediaries (2022-04-20)

Summary

This notice from the Bermuda Monetary Authority announces the posting of the 2022 annual return templates for insurance intermediaries, specifically Insurance Managers and Insurance Brokers and Agents. It confirms filing instructions and a deadline, and flags two substantive updates to the templates that had already been previously communicated.

• Templates affected: Annual return templates for Insurance Managers, and for Insurance Brokers and Agents, are posted on the BMA website.
• Cyber Risk Schedule: Included in the templates, as previously communicated in December 2021.
• AML/ATF Questionnaire: Expansion of zones in the Anti-Money Laundering/Anti-Terrorist Financing Questionnaire, as previously communicated in February 2022.
• Filing method: Templates must be submitted in Microsoft Excel electronic format to InsuranceManagers@bma.bm or InsuranceIntermediaries@bma.bm, as applicable.
• Filing deadline: Completed templates are due on or before 30 June 2022.

Questions about the notice, prudential rules, templates or codes of conduct should be directed to the relevant BMA email address, and the latest template versions are available in the Reporting Forms and Guidelines section of the BMA website.

Key obligations

• Insurance Managers must complete and submit their 2022 annual return template in Microsoft Excel format to InsuranceManagers@bma.bm on or before 30 June 2022.
• Insurance Brokers and Agents must complete and submit their 2022 annual return template in Microsoft Excel format to InsuranceIntermediaries@bma.bm on or before 30 June 2022.

Applies to

Insurance Managers, Insurance Brokers and Agents, Insurance Intermediaries

Deadlines

• 30 June 2022: Filing deadline for submission of the completed 2022 annual return templates by Insurance Managers and Insurance Brokers and Agents.