INTERNATIONAL INSURANCE & REGULATION
Admitted definition
Admitted refers to an insurer or intermediary that is authorised by the relevant local supervisory authority to write or place insurance business.
In practice, this typically refers to an insurance company or insurance intermediary authorised by the relevant local supervisory authority. The term may also be used to refer to the business written or placed by an ‘admitted’ insurance company. This gives insurers, brokers, reinsurers and risk managers a shared way to discuss the concept when reviewing policies, claims, regulation or market data.
This term is especially useful in international insurance, multinational programmes and local regulatory analysis. It helps explain how insurance can be arranged compliantly across different countries and local insurance markets. It also helps users compare how insurance is structured, regulated, priced or claimed across different markets.
Admitted is closely related to non-admitted, cross-border business, fronting and compulsory insurance. Linking these concepts together helps build a clearer glossary structure and gives readers a stronger understanding of how individual insurance terms connect within wider international insurance practice.
At a glance
- Used in
- International insurance, multinational programmes and local regulatory analysis.
- Purpose
- Helps explain how insurance can be arranged compliantly across different countries and local insurance markets.
- Important because
- Local insurance regulation can change whether a policy is valid, compliant or acceptable in a given market.
- Related terms
- non-admitted, cross-border business, fronting and compulsory insurance.
Example of admitted insurance business
A multinational company needs local cover in a country where insurance must be purchased from a locally authorised insurer. Using an admitted insurer helps the company satisfy local regulatory requirements.