Regulatory Disclosure

This page sets out who we are, what we are licensed to do, how we are paid, and the duties we owe you. It is published so that you can see the basis on which we act before you ask us to act at all.

Last updated: 10 August 2026.

Global Equity Insurance Brokers is licensed by the Financial Services Commission of Mauritius as an insurance broker under section 70 of the Insurance Act 2005, and is supervised by the Commission in the conduct of that business.

The Insurance Act defines an insurance broker as a person who arranges insurance business with insurers on behalf of prospective policyholders, or as the representative of a policyholder. Our licence and our conduct are supervised by the Commission, and the Insurance (Insurance Brokers) Rules 2008 govern how we may act on any given placement.

Financial Services Commission, FSC House, 54 Cybercity, Ebene. Telephone 403 7000. Website fscmauritius.org.

We act as your representative, not the insurer’s. Our work is to understand your exposure, advise on appropriate cover and terms, approach the underwriting markets that can write it, negotiate the wording and the price, and support you when you claim.

We do not underwrite and we retain no risk. Every policy we arrange is underwritten by an authorised insurer, and it is that insurer who carries the risk and pays the claim. Cover is always subject to underwriting acceptance and to the terms, conditions, limits and exclusions of the policy issued.

Section 74 of the Insurance Act prohibits an insurance broker from providing its services in relation to a policy where doing so would result, or be likely to result, in a conflict of interest between the broker and an insurer or a policyholder. We maintain arrangements to identify such conflicts and to decline or withdraw where one cannot be managed. If a conflict arises that you should know about, we will tell you.

We are usually remunerated by commission paid by the insurer out of the premium, at a rate agreed between us and that insurer. In some cases we agree a broker fee with you instead of, or in addition to, commission — for example where the work involved is not reflected in the premium, or where you prefer a fee basis.

Section 74 of the Insurance Act requires us to disclose to a prospective policyholder the commission or other remuneration we are likely to receive from an insurer, and rule 8 of the Insurance (Insurance Brokers) Rules 2008 requires us to disclose explicitly the remuneration we are entitled to and any broker fee we propose to levy. We comply with both, and you may ask us at any time — before or after placement — what we are being paid on your business. We will tell you.

We maintain professional indemnity insurance as the Insurance Regulations 2007 require of every licensed insurance broker. The regulations set a minimum indemnity of Rs 5 million for any act, error or omission in the conduct of the business, covering the firm and anyone employed by it or acting for it.

Premium we receive from you is client money and is treated as such. Section 73 of the Insurance Act and rule 7 of the Insurance (Insurance Brokers) Rules 2008 require us to open and maintain one or more identified bank accounts for premium received, kept separate from our own funds, and to pay premium on to the insurer within the period the Act allows. No charge or mortgage may be created over money held in those accounts.

Insurance rests on the information given to the insurer. You must take care to give us information that is complete and accurate, both when cover is first arranged and at each renewal, and to tell us promptly if something material changes during the policy year — a change of use, a conversion, a new activity, a previous claim, a conviction, a change in the sum at risk.

If the information given is incomplete or incorrect, an insurer may be entitled to reduce a claim, to decline it, or to treat the policy as though it had never existed. If you are unsure whether something matters, tell us and let us make that judgement with you.

We are a reporting person under the Financial Intelligence and Anti-Money Laundering Act 2002. That means we must identify and verify our clients and, where relevant, the persons who ultimately own or control them; understand the purpose of the business relationship; keep records of that due diligence and of transactions for not less than seven years; and report suspicions to the Financial Intelligence Unit.

Two practical consequences follow. We will ask you for identification documents, and we cannot proceed without them. And where we make a report we may be prohibited by law from telling you that we have done so.

How we collect, use, share and protect personal data is set out in our privacy policy and, in more detail for the insurance chain, in our data protection notice. We are registered as a controller with the Data Protection Office under the Data Protection Act 2017.

Our complaints procedure explains how to complain, what we will do and by when, and how to refer a matter to the Office of Ombudsperson for Financial Services if we cannot resolve it. Complaints to the Financial Services Commission are made through its online complaints portal.

Global Equity Insurance Brokers arranges insurance cover through authorised underwriting markets. Cover is subject to underwriting approval, policy terms, conditions, limits and exclusions. Nothing on this website constitutes advice on a particular policy or a binding offer of cover.