Members

These are the member and observer countries and territories of the Group.
Please click on any of the countries to view their details:

Conditions of Membership

There are two categories – Member and Observer.

Admission to Membership of OGIS is open to any jurisdiction which -

• is in agreement with the objects of the Group;
• is concerned with the supervision of offshore insurance business;
• has legislation in place which enables its regulatory authority to adequately supervise insurance business, and permits the exchange of information with other regulatory authorities for the purposes of the prudential regulation of insurance business;
• effectively enforces its insurance legislation and other relevant legislation;
• has the necessary resources, including properly qualified supervisory personnel to effectively regulate its offshore insurance business;
• has a clear commitment to the implementation of the anti money laundering recommendations of the G-7 Financial Action Task Force.

Each application for membership of the Group is referred to the Evaluation Panel who carry out an evaluation of the jurisdiction.

A jurisdiction may become an Observer for three years if -

• it is in agreement with the objectives of the Group;
• it is evaluated by the Evaluation Panel;
• although not yet able to satisfy the conditions for membership, it is making a genuine effort to ensure that the conditions will be satisfied whilst it is an Observer; and
• it intends to apply for membership of the Group whilst an Observer.

After three years, the Observer will be revaluated and a decision will be made, after evaluation, whether or not the Observer can continue as such for a further period.

Click here to download an application for Membership or Observership Status.