The Isle of Man has probably the largest offshore life assurance sector. The life assurance companies based in the Isle of Man are leaders in the development and distribution of some of the most innovative life assurance products to be found.
Typically offshore life assurance is used by expatriates who are working in countries other than their country of domicile and whose employment involves high income, contractual bonuses and low outgoings, but there is now growing interest from the UK and non-UK nationals.
Under Isle of Man law offshore life assurance is not subject to income tax or capital gains tax.
Business mix and concentration play a big part in how investors view a life insurer - this is an E&Y study into the most significant value drivers in the life insurance industry. Find out more from this downloadable PDF document: Taking Stock of Life Insurers