Our products are underwritten and issued by IOMA in the Isle of Man. As an established offshore investment centre with a stable and independent legal, political and regulatory framework and with confidentiality maintained, the Isle of Man provides an ideal location for investment.

Who is Isle of Man Assurance
The oldest independent insurance company in the Isle of Man.
A company with over 25 years of success in international financial services.
A company ultimately owned by three individuals: IOMA Chairman, IOMA Deputy Chairman and IOMA Managing Director.

Solvency Facts
IOMA seeks to write only unit-linked business within its long-term business and does not look to accept any major or undue risk onto its balance sheet. This means that the assets held within IOMA’s long-term business fund at least directly match its liabilities to policyholders. The Isle of Man Government Insurance and Pensions Authority (IPA) require all life companies to hold an additional minimum of 0.25% of the value of unit-linked business in reserves. The IPA monitor this solvency quarterly. IOMA is required to have an independent actuarial report undertaken annually on the assets it owns.

Financial Strength Facts
AKG Actuaries and Consultants Limited provide financial strength reports on the offshore long term insurance industry. In 2007 it rated IOMA’s Unit Linked Financial Strength as Good. IOMA’s quality of service, something the company prides itself on, Very Good. Copies of the report can be obtained on request to IOMA.

Investor Protection Facts
Due to the unit-linked nature of its business, there is little danger of Isle of Man Assurance falling insolvent. However, if this scenario did occur the Isle of Man Government Life Assurance (Compensation of Policyholders) Regulations 1991 provide a final level of protection. All IOMA policyholders, individual, corporate or trustee, are protected under this legislation. A policyholder is entitled to compensation of up to 90% of policy value in the event of the insurer being unable to meet its liabilities. This protection is in place irrespective of the size of the life insurance company in the Isle of Man.

Who Regulates IOMA
Isle of Man Government Insurance and Pensions Authority (IPA). IOMA is an authorised insurer on the Isle of Man and is regulated by the IPA who regularly audits the management and financial strength of all authorised insurers. Financial Services Authority (FSA). The FSA in the UK authorises and regulates IOMA in respect of UK business.

Quality Assurance Facts
IOMA has been credited with the Quality standard BS EN ISO 9001:2000 since 1997. The accreditation is reviewed bi-annually by an independent assessor to ensure the continuing effectiveness of IOMA’s quality policy.

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