skyline8
- ALLIANCE GROUP -
Regulations
International strength, security and oversight
Home>Regulations

Registrations & Licences

Alliance Group believe the professional foundation to the provision of insurance and financial services is found in the regulatory framework and supervision in place to ensure companies adhere to the highest codes of conduct and practice.

Alliance Group companies ensure that these mechanisms are in place to protect consumers and that they and their partners are fully represented and registered to the relevant regulatory body for the provision of certain products and services.

Professional Insurance Brokers Association:

The Professional Insurance Brokers Association, PIBA, is one of the approved bodies of insurance brokers authorized by Insurance Authority pursuant to Insurance Companies Ordinance (Cap. 41), to approve license to an insurance broker and to regulate the conduct of Members, their Chief Executives and Technical Representatives (“registrants”) since 1995. Alliance Insurance Services licenses include general insurance, long term insurance and investment linked products.

Mandatory Provident Fund Schemes Authority:

The MPFA is a statutory body established on 17 September 1998 under section 6 of the Mandatory Provident Fund Schemes Ordinance (“MPFSO”).

The role of the MPFA is to regulate and supervise the operations of mandatory provident fund (“MPF”) schemes and occupational retirement (“ORSO”) schemes and Alliance Insurance Services as an MPF Intermediaries.

Financial Services Regulatory Commission:

The Financial Services Regulatory Commission was established to regulate providers of financial services except for financial services covered by the Banking Act. It is the ultimate regulatory body for anti-money laundering for St. Kitts and Nevis. The Commission for the purpose of carrying out its function is divided into two operational departments, one located in Saint Kitts and the other in Nevis.

Alliance Capital’s partner, Regency Assurance, is regulated as a long-term insurance company.

Financial Services Commission:

The Gibraltar Financial Services Commission regulates the financial services industry in Gibraltar. Their aim is to protect consumers, enhance the reputation of Gibraltar as a quality financial services centre and promote good business. Alliance Group companies are currently seeking registration through the Financial Services Commission in relation to Insurance Intermediary, Lending and Experienced Investor Fund licenses.

Financial Services Commission:

The Financial Services Commission, Mauritius (the ‘FSC’) is the integrated regulator for the non-bank financial services sector and global business. Established in 2001, the FSC is mandated under the Financial Services Act 2007 and has as enabling legislations the Securities Act 2005, the Insurance Act 2005 and the Private Pension Schemes Act 2012 to license, regulate, monitor and supervise the conduct of business activities in these sectors.

Global Business License II is currently held by NowCompare