The Bermuda Monetary Authority has republished the 2025 year-end BSCR models for Class 4, Class 3B, Class 3A, Class C, Class D and Class E insurers and Insurance Groups, following stakeholder feedback on a new data validation feature embedded in the Capital and Solvency Return (CSR) declaration signatory page. For 2025 year-end filings, the BMA will accept submissions using either the original models with the validation feature or the republished models using a CSR declaration page without the feature. The republished package includes two CSR declaration pages, one with the validation feature and one without. Use of the validation feature is optional and intended for trial at this stage, with feedback to be provided through the comments section of the BSCR submission tab. The BMA is also hosting a series of workshops in Q1 2026 to discuss the BSCR changes, including the enhanced data validation checks.
Bermuda Monetary Authority 2026-02-17
Bermuda Monetary Authority republishes 2025 year-end BSCR models with an optional CSR declaration data validation feature
The Bermuda Monetary Authority has republished the 2025 year-end Bermuda Solvency Capital Requirement models for specified insurer classes and Insurance Groups, following stakeholder feedback on a new data validation feature in the Capital and Solvency Return declaration signatory page. For 2025 year-end filings, firms may use either the original models with the validation feature or the republished models without it, with use of the validation feature remaining optional and subject to further feedback.