Life insurance is the largest single sector on the Island, generating over 17% GDP with over 2000 staff employed. Established for over 30 years, the Isle of Man is home to 12 authorised life insurance companies who are leading or top-three ranked for providing diverse solutions for global customers.
Isle of Man companies offer products for expatriates of other countries and local nationals around the world with the broadest market footprint of all established cross-border life domiciles. The Island’s Life Insurance sector offers a wide range of solutions, superior product benefits and features - such as international investment options, risk benefits, and guarantees to investors not otherwise available in their home market
The Isle of Man was also named “International Finance Centre of the Year” at the International Adviser Product and Service Awards in May 2017, and named “Best International Finance Centre” at the International Investment awards in October 2017.
Sound governance and promotion of the sector is led by representative body The Manx Insurance Association (MIA).
The Isle of Man is a vibrant business centre, endorsed by world-class businesses that choose the Isle of Man as their base, with the facilities and services to support them.