The Reserve Bank of Fiji has officially licensed AMA Insurance Company Limited to operate as a general insurer, marking a significant development in the nation’s financial landscape. The announcement from the RBF Board confirmed that AMA fulfilled all requirements laid out under the Insurance Act of 1998.
As a subsidiary of Apia Insurance Company Limited based in Samoa, AMA Insurance is anticipated to enhance Fiji’s underwriting capacity and improve claims administration. The introduction of additional insurance products by AMA is expected to enrich risk management solutions available in the local market, fostering a more resilient insurance sector.
The RBF has expressed its enthusiasm regarding this new investment, indicating that it reflects a growing confidence in Fiji’s financial services sector. With AMA’s entry, the total number of licensed general insurers in Fiji now stands at eight, which is expected to spur further growth and diversification within the industry.
In a related move, the Reserve Bank has also granted a Broker/Dealer – Body Corporate license to Sun Capital Limited, a fully owned subsidiary of Sun Insurance. This licensing is part of compliance under the Companies Act of 2015, and Sun Capital plans to commence its operations in February 2026. Their entry into the market is anticipated to boost broker/dealer services, increasing competition and improving access to a broader range of capital market products.
With this addition, Fiji now has four licensed Broker/Dealers, which will further enhance the development of the domestic capital market. This series of licensing showcases the proactive steps being taken to strengthen Fiji’s financial sector, encouraging investor interest and contributing to the overall economic growth of the nation.
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