Transfer of Insurance Supervision

Following the introduction of the Insurance Act 2005 the responsibility for the regulation of the insurance industry has been the responsibility of the Vanuatu Financial Services Commission.
Since then prudential supervision has enabled Vanuatu to become major international insurance domicile in the South Pacific region.

However the trend in offshore jurisdictions over the past years has seen regulation of insurance become the responsibility of other financial authorities, for example The Monetary Authority in Bermuda and Cayman Islands, and the Reserve Banks in other jurisdictions.

Recent changes in Vanuatu legislation has resulted in the transfer or Regulation and Supervision of the insurance industry to the Reserve Bank of Vanuatu.

The current insurance division of the Financial Service Commission and all staff has been transfered to the Reserve Bank.

Enquires in relation to all aspects of insurance should now be made to;

Joshua Tari
Manager of Insurance Supervision
Reserve Bank of Vanuatu
Port Vila
Tel No. (678) 23333
E-mail address: jtari@rbv.gov.vu

VFSC, Port Vila