Welcome to the Offshore Group of Insurance Supervisors (OGIS). This organisation consists of insurance regulators and supervisors from offshore jurisdictions.
The formal objects of the organisation are:
- to provide mechanisms and forums whereby insurance supervisors from jurisdictions concerned with offshore insurance business may discuss areas of mutual interest and concern and formulate appropriate policies
- to provide assistance and encouragement to appropriate non member jurisdictions to establish regimes for the supervision of offshore insurance business at least to standards equivalent to those of the Group
- to represent the interests of the Group at international forums
- to promote the proper supervision of offshore insurance business
Contact person: Nataly B. Davelaar-Mercelina Secretary.
Founded in March 1993, the Offshore Group of Insurance Supervisors is an informal grouping of regulators representing domiciles engaged in the supervision of international insurance business. Formed under a written Constitution, the Group is made up of Members and Observers and has strict criteria which must be met for membership.
OGIS exists -
- As a discussion forum
- As a conduit to raising standards of regulation and supervision
- As a training forum
- As a representative body at international insurance forums.
OGIS meets twice a year. A Working Meeting is held over a period of 3 days, to discuss major issues and a more formal Annual General Meeting is held to ratify the adoption of Technical Papers and to pass any formal business. See the Meetings page for more details.
OGIS membership provides a unique facility for offshore jurisdictions to exchange information and share in the experiences of other members, and allows less developed jurisdictions to aspire to the highest international standards of insurance regulation. Related to that, less developed jurisdictions can benefit from formal Training courses. OGIS has an Education sub-Committee to concentrate on this vital and valuable area.
An increasing membership is of value to all Members and one of the aims of OGIS is to persuade jurisdictions which are involved in offshore insurance, but which are not currently Members or Observers, to take advantage of what OGIS has to offer and to contribute to its work by becoming members.