SOLUTIONS

Investor Protection

Strong Financials *
  • Premium Life holds capital which is sufficient to cover regulatory requirements together with an additional margin which can absorb adverse future changes. The solvency ratio is 217% - amount of excess capital relative to regulatory requirements.
  • The company counts with north of USD 700m in capital, equity and general reserves.
Selected Partners
  • The company only works with qualified and independent providers for supporting the insurance contract; all banks and financial advisors we work with are regulated in their respective jurisdictions.
  • Premium Life relies on the reinsurance services of Hannover Re and the external auditing services of PwC.
Stable Regulatory Environment
  • Each and every policy counts with a dedicated bank account, segregated account.
  • The assets of a policy are legally protected against charges arising from the business of the insurance company or any other policies.
  • The regulation imposes that payments can only be done in accordance with the approval of the policyholder.
Regulated Financial Institution
  • Premium Life is regulated by and under the supervision of the Insurance Commission of The Bahamas (www.icb.gov.bs), member of the International Association of Insurance Supervisors (www.iaisweb.org).
  • The regulator imposes strict solvency rules and audits the performance of insurer on an annual basis.

* Figures as of Financial Year ended 31 March 2024.

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