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RMA register: licensed insurers in Bhutan

PartialPartially verified against the RMA register, checked 4 Sept 2026.

The RMA register for Bhutan as the directory holds it: 3 licensed insurers with the identifiers the register carries, ready to export as JSON.

Snapshot

By class of business

Each company is counted once, under the class its register row records. The supervisor’s own tally counts licences, so a company licensed for more than one class appears more than once there.

By ownership

  • State-owned / parastatal1 33%
  • Domestic private1 33%
  • Foreign multinational1 33%

“Cross-border groups” counts foreign multinationals and pan-regional groups; “domestically owned” counts domestic private, state-owned, mutual and captive entities. The register records the parent’s type, not its home market. How ownership is recorded

RMA register rows

All 3 entities.

InsurerClassRegister idLEIRegisteredWebsiteVerification
Bhutan Insurance LtdGGeneral (Non-life)————Partial
GIC-Bhutan ReRReinsurer————Partial
Royal Insurance Corp of BhutanCComposite————Partial

Full table for Bhutan ↗

Regulatory intelligence: Bhutan

Read from the register, not written for this page: the supervisor’s regime, the source the list was checked against, and the market notes recorded alongside it.

Register source
RMA Financial Intelligence Department Annual Report 2025-2026 (PDF created 14 Sep 2026): "the two licensed insurance companies" RICBL and BIL; RMA Annual Report 2025 (non-bank FIs RICBL, BIL, NPPF); RMA website footer "Non-Banks": RICBL, Bhutan Insurance Ltd, NPPF, GIC (gicbhutanre.com), retrieved 22 Sep 2026: 3 insurance entities
Verification
Partially verified against the regulator register · RMA Financial Intelligence Department Annual Report 2025-2026 (PDF created 14 Sep 2026): "the two licensed insurance companies" RICBL and BIL; RMA Annual Report 2025 (non-bank FIs RICBL, BIL, NPPF); RMA website footer "Non-Banks": RICBL, Bhutan Insurance Ltd, NPPF, GIC (gicbhutanre.com), retrieved 22 Sep 2026: 3 insurance entities

No market event is recorded against this register for 2026. The regime and source above are the standing facts.

Governing legislation

  • Royal Monetary Authority Act 2010 · Institutional and insurance framework

    The RMA’s annual report identifies the central-bank act as its institutional reporting framework. Its financial-sector publications separately include an annual supervision report.

Verification log

All 3 rows corroborated by RMA publications: its FID Annual Report 2025-26 names RICBL and BIL as the two licensed insurance companies, and GIC-Bhutan Re is listed among RMA's non-bank institutions on its website; no additions or removals. RMA publishes no formal register of insurers, so licence categories are not stated.

For B2B teams and AI agents

The same rows as static JSON, no key, CORS open, CC BY 4.0. Paged files stay under 96 KB so an agent’s fetch tool never truncates them.

curl -s https://insurers.global/api/v1/countries/bhutan.json
curl -s https://insurers.global/api/v1/countries/bhutan/insurers/pages/1.json