It offers various insurance which includes commercial, health and travel, finance liability, home and motor among others. “The FSA reassures policyholders and other stakeholders of Falcon that it remains committed to ensuring their fair treatment and maintaining a stable and efficient insurance market for the benefit and protection of the public,” the statement added further.įalcon Insurance, located at Eden Plaza, is a relatively new addition to the local financial services sector and was set up in 2013. Presently an audit of Falcon, commissioned by the FSA, is ongoing,” added the press release.įSA said that in order to safeguard the interests of all stakeholders, it has appointed Mariam Rajabally, as administrator in accordance with section 101 of the Insurance Act to manage the company’s business, affairs and assets.
Our Claims/First Notice of Loss Department is open Monday through. We offer a variety of insurances for cases of injury, illness or loss of life in partnership with Arabia Falcon Insurance. EAA has worked with Falcon Insurance Agency in the United States and Nacora Insurance Brokers in Canada to craft specialized insurance for aircraft of all. “This decision has been taken, following routine regulatory inspections conducted by the FSA, where a number of irregularities relating to the operations of the Company have been identified. Contact us today to find out more about becoming a Falcon Agent. However, it will not be able to take on any new business during the period of suspension of licence.”įSA said that the company was issued with a notice on Thursday, October 27, 2022, pursuant to section 96 of the Insurance Act, 2008 and advised that the suspension takes immediate effect, until further notice. Falcon Thailand is the one of the fastest growth insurance company in Thailand with strong financial position (15 years CAGR of 32). The Seychelles Financial Services Authority (FSA), in its capacity as the regulator for the insurance industry, has suspended the licence of Falcon Insurance Limited, the Authority said in a press release on Thursday.įSA said that “Falcon shall continue to serve its existing clients and respect its obligations, and continue to abide by the provisions of the Insurance Act.
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