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What is the Solvency and Financial Condition Report (SFCR)?

The introduction from 1 January 2016 of the EU-wide Solvency II Directive is designed to enhance consumer protection, and requires new reporting arrangements to be put in place by insurance companies.

The Solvency and Financial Condition Report (“SFCR”) covers the Business and Performance of the Company, its System of Governance, Risk Profile, Valuation for Solvency Purposes and Capital Management.

A copy of the report can be downloaded below.