Insurance and Pensions Authority Mission and Objectives
Mission Statement
The IPA exists to maintain and develop an effective regulatory framework for insurance and pension business which will:-
- Provide security for investors
- Prevent and deter the Isle of Man being used for the purposes of financial crime
- Preserve the International Reputation of the Isle of Man
- Ensure a flourishing environment for Isle of Man business
Objectives
- To ensure that the Authority's policies are up to date and timeously implemented
- To resource the Authority with staff of high quality, integrity and experience
- To maintain high standards in the authorisation, supervision and good conduct of insurance business
- To maintain a cost-effective support system which, appropriate to needs, is sufficient to support the regulatory and other responsibilities of the authority
- Without compromising regulatory impartiality, to safeguard the Authority's and the Island's image
Acknowledgement: Insurance and Pensions Authority
Please click on the Insurance and Pensions Authority logo for a link to their own website.