Since our inception in 1995, the Commission has remained vigilant in its efforts to contribute to the growth and development of a financial services sector that is vibrant and competitive. In achieving this goal investor protection, through education, remains our primary objective.
The Insurance Commission of The Bahamas is an independent regulatory agency with responsibility for regulating all insurance activity in and through The Bahamas. It serves as the prudential and market conduct regulator, and provides ongoing monitoring and control of all domestic insurers (general, long-term), agents, brokers, salespersons, adjusters, underwriting managers and external insurers.
Under the Central Bank of The Bahamas Act, 2000 (the Act), the Bank is mandated “to promote and maintain monetary stability and balance of payments conditions, conducive to the orderly development of the economy; in collaboration with other financial institutions, to promote and maintain adequate banking services and high standards of conduct and management therein; and to advise the Minister of Finance on any matter of a financial or monetary nature referred by [the Minister] to the Bank for its advic
In July 2017, the Government of The Bahamas officially launched the Public Financial
Management/Performance Monitoring Reform (PFM/PMR) Project. The PFM/PMR Project
is financed through an Inter-American Development Bank loan to The Bahamas valued at
$33 million, which was approved by Parliament in 2016.