Supervision of insurance groups and conglomerates

SFMA can place insurance groups and conglomerates under group supervision.

This SFMA page gives applicants and supervised institutions a practical view of the supervision of insurance groups and conglomerates topic. It explains when a licence, approval, notification or registration may be needed, what information should be prepared, and which changes may require contact with the authority.

Criteria for being placed under group supervision

After authorisation or registration, ongoing duties remain important. The supervised person or organisation must monitor compliance, provide required reports, notify relevant changes and keep enough records to show that statutory duties continue to be met.

Preparing a complete file

Applicants should keep the submission concise but complete: describe the activity, legal structure, people responsible, control framework, financial resources, relevant documents and any cross-border elements. Where uncertainty remains, the issue should be highlighted early rather than left to emerge during review.