BMA issues updated guidance for segregated and separate account insurers, effective 1 January 2027
A fixed start date gives operators of segregated account structures roughly two months to map current practice against the new governance and reporting expectations. Platform sponsors and their service providers will likely need to review policies, management information and data capture for each account. Gaps found early are cheaper to close than gaps found in supervisory review.
What Happened
Bernews reported that the Bermuda Monetary Authority published an updated Guidance Note for general business insurers that use Segregated Accounts and Separate Accounts. A BMA spokesperson said it followed extensive market consultation and covers licensing, waivers and modifications, governance expectations, risk management and reporting. The requirements take effect on 1 January 2027.
Why It Matters
A fixed start date gives operators of segregated account structures roughly two months to map current practice against the new governance and reporting expectations. Platform sponsors and their service providers will likely need to review policies, management information and data capture for each account. Gaps found early are cheaper to close than gaps found in supervisory review.
Sources
- Bernews (opens in a new tab): BMA Updates Guidance For SAC Insurers (2026-10-23)
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This story is part of the Laurenceo Intelligence briefing for 26 October 2026, a daily sourced briefing on AI, technology and enterprise risk published in Bermuda by Laurenceo, founded by Jorai Laurenceo. It is produced by an automated research pipeline and checked before publication; how this is made. General information only, not legal, regulatory or financial advice.