Notice - Commercial Insurer and Insurance Groups – Republication of the 2025 Year-End BSCR Model (2026-02-18)

Summary

This notice from the Bermuda Monetary Authority informs commercial insurers and insurance groups that it has republished the 2025 year end BSCR models originally issued on 18 December 2025. The republication offers a choice of Capital and Solvency Return (CSR) declaration pages, following stakeholder feedback on a newly embedded data validation feature.

• Two CSR declaration options: Insurers and Insurance Groups may use either the original CSR declaration page with the data validation feature (published 18 December 2025) or the republished page without that feature, for 2025 year end submissions.
• Validation feature is optional and trial based: The data validation feature is optional at this stage and intended for trial use; feedback can be submitted via the comments section of the BSCR submission tab or by emailing riskanalytics@bma.bm.
• Q1 2026 workshops: The Authority is hosting workshops in Q1 2026 to discuss the BSCR changes, including the enhanced data validation checks, and encourages industry participation.
• Where to find the models: The republished BSCR models are available on the BMA website under the Documents Centre, Reporting Forms and Guidelines, Insurance section.

This is an informational notice rather than a rule change: insurers retain a choice of submission format for the 2025 year end BSCR return and are not required to use the new validation feature.

Applies to

Class 4 insurers, Class 3B insurers, Class 3A insurers, Class C insurers, Class D insurers, Class E insurers, Insurance Groups