A staged regulatory roadmap.
Quantica Marine is under construction and not yet licensed. Our staged roadmap is: technology platform and MGA first, future licensed shareholder-owned insurer subject to authorisation, capital readiness, governance, actuarial function, reinsurance and regulatory approval.
From platform to licensed insurer.
Technology platform
Launch the marine underwriting, pricing, reserving and capital platform.
MGA / underwriting agency
Operate as a Managing General Agent or underwriting agency under capacity from authorised insurers and reinsurers.
Licensed shareholder-owned insurer
Future licensed insurer carrier, subject to regulatory authorisation, capital readiness and governance maturity.
Sweden and the EU.
Finansinspektionen authorisation
In Sweden, a firm that wants to conduct insurance business must receive authorisation from Finansinspektionen under the Insurance Business Act. Quantica Marine will not represent itself as an authorised insurer until and unless such authorisation is in place.
Solvency II
Solvency II is the EU prudential regime for insurance and reinsurance undertakings. Quantica's reserving, capital and ORSA tooling is designed to be compatible with Solvency II reporting requirements. Internal capital metrics should not be described as approved SCR unless approved by the regulator.