About us
Since 1987, CMI Insurance Company Limited has offered a wide range of offshore investments and has played a major influential role in shaping the Isle of Man finance industry and promoting best practice over the past three decades.
Policyholder protection
CMI Insurance Company Limited is an Isle of Man authorised insurance company supervised by the regulatory authorities in the Isle of Man. Its policyholders enjoy the protection of the Isle of Man Life Assurance (Compensation of Policyholders) Regulations 1991. The Isle of Man scheme covers up to 90% of the liabilities due to policyholders in the unlikely event that CMI Insurance Company Limited cannot pay them. Holders of policies issued by CMI Insurance Company Limited will not be protected by the United Kingdom’s Financial Services Compensation Scheme if the Company should become unable to meet its liabilities to them.
The Isle of Man holds an S&P rating of 'AA+' as a financial jurisdiction.
The Isle of Man was the first jurisdiction to gain Designated Territory Status under the UK Financial Services Act 1986. This means that the UK regulatory authorities accept that in the principal areas of investor protection and regulation, the Isle of Man standards are at least equivalent to those in the UK. Isle of Man based insurance companies, such as Insurance Company Limited, are permitted to market their products in the UK.
