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Insurance Act, 2017 (Act No. 18 of 2017)

Chapter 10 : Administration of Act

Part 2 : Powers and functions of Prudential Authority

64. Publication by Prudential Authority

 

The Prudential Authority must publish and regularly update the following on the official website:

(a) The objectives of supervision and the Prudential Authority’s powers and functions;
(b) the general criteria and methods used in the supervisory review process;
(c) aggregate statistical data on key aspects of the application of the financial soundness and prudential framework referred to in Chapter 6;
(d) information and analysis about the financial condition of the insurance sector; and
(e) subject to confidentiality considerations, and in so far as it does not jeopardise other supervisory objectives, information on—
(i) failed insurers, controlling companies or insurance groups;
(ii) supervisory and regulatory actions taken in respect of insurers or controlling companies.