The South African regulatory authority (FSCA) has published a document defining the new requirements for "cell captive insurers [4]*".
The FSCA has expressed concerns about potential conflicts of interest, regulatory arbitration as well as the structure and business models of captive insurers.
* Alternative system of «rent-a-captive», specific to the South African market.
Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fnew-regulations-for-south-african-insurance-captives&text=New+regulations+for+South+African+insurance+captives
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fnew-regulations-for-south-african-insurance-captives&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/pandemic-risk-future-eldorado-of-insurers
[4] https://www.atlas-mag.net/en/article/insurance-captives