Licensed list · Asia-Pacific · South Asia · BT

Licensed insurance companies in Bhutan (2026)

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

The 3 insurance companies licensed in Bhutan in 2026, as recorded by the Royal Monetary Authority (RMA), with the class of business and ownership each one is registered under.

3Licensed operators

0Life0% of entities

1General (non-life)33% of entities 1Cross-border groups2 domestically owned

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

Licensed insurers in Bhutan

All 3 entities.

Insurer	Class	Ownership	Group	Verification
Bhutan Insurance Ltd	GGeneral (Non-life)	Domestic private	BIL	Partial
GIC-Bhutan Re	RReinsurer	Foreign multinational	GIC Re / Bhutan	Partial
Royal Insurance Corp of Bhutan	CComposite	State-owned / parastatal	RICB	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.

Supervisor: Royal Monetary Authority RMA
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
Profile: RMA — mandate, law and metrics

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

MCP: connect https://insurers.global/mcp and call get_country_summary with { "country": "bhutan" }, or list_insurers with country, limit and offset for paged rows.
OpenAPI 3.1: /api/v1/openapi.json · WebMCP: /.well-known/webmcp.json · Guide: /ai/ · llms.txt
Dataset version 2026-09-08+3f3925fad259; every response carries version, verified and licence.

Snapshot