The Bermuda Monetary Authority has republished the 2025 year-end Bermuda Solvency Capital Requirement (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 embedded data validation feature in the Capital and Solvency Return (CSR) declaration signatory page. For 2025 year-end filings, the BMA will accept submissions using either the originally published models that include the validation feature or the republished models using a CSR declaration page without it. The republished package includes two CSR declaration pages, one with the data validation feature and one without. The validation-enabled declaration page is optional and intended for trial use at this stage, with feedback to be provided via the comments section of the BCSR submission tab. The BMA also plans 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 and allows CSR declaration with or without validation
The Bermuda Monetary Authority has republished the 2025 year-end Bermuda Solvency Capital Requirement models for various insurer classes and Insurance Groups, incorporating feedback on a new embedded data validation feature. For 2025 filings, submissions can use either the original models with the validation feature or the republished models without it. The Authority will hold workshops in Q1 2026 to discuss these changes and the enhanced data validation checks.