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IOMA Group

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Namestring
IOMA Group
Legal namestring
Isle of Man Assurance Limited
Websiteurl
iomagroup.co.im
Company typeenum
Private
Founded yearint
1981
Descriptiontext

IOMA Group is a privately held Isle of Man financial services group comprising three wholly owned subsidiaries: Isle of Man Assurance Limited (trading as IOMA Life), which provides life insurance and assurance products; Isle of Man Insurance Management Limited, which manages captive insurance arrangements and formed the Isle of Man's first registered captive insurance company in 1981; and IOMA Horizons Limited, which provides pension administration services. The group is regulated by the Isle of Man Financial Services Authority and historically served individuals and organisations seeking offshore insurance and financial services structuring, leveraging the Isle of Man's captive insurance and fiduciary regime.

The group was founded by Robin Bigland, who has been based on the Isle of Man since 1975 and was instrumental in pressing for the island's insurance legislation and regulation. Today the group is led by Founder and Chairman Robin Bigland, with Non-Executive Directors Neill Angus (former senior risk, compliance and legal officer at AXA Isle of Man / Utmost Wealth) and Oonagh Walsh (former Head of Investments & Trustee Services at Utmost Wealth). Headcount is reported at 51–100 employees, all based in the Isle of Man.

IOMA is currently in run-off: it no longer originates new business and is managing its existing in-force book of life assurance, captive insurance management, and pension administration policies toward wind-down. With effect from 1 July 2025, the registered and correspondence address will change to Seahorse, 10 Perwick Road, Port St Mary, Isle of Man. The group generates revenue from residual policy fees, captive management fees, and pension administration charges; pricing is not publicly disclosed and revenue figures are not reported in the available source material.

Short descriptiontext

IOMA Group is a privately held, Isle of Man-regulated financial services group offering life assurance, captive insurance management, and pension administration; it is currently in run-off and managing existing policies to wind-down.

Operating statusenum
Closed
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersDouglas
HQ citystring
Douglas
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
offshore insurance services, life assurance products, captive insurance management, pension administration, wealth structuring services
Industry1 code
PRIMARYFSAAACAI
Insurance-Integrated Wealth Managers (RIA + Insurance Solutions)
Financial & Insurance/Asset & Wealth Management/Registered Investment Advisors (RIAs) & Independent Wealth Managers
NAICS code2 codes
  • Insurance and Employee Benefit Funds5251
  • Pension Funds52511
SIC code2 codes
  • Life Insurance6311
  • Insurance Agents, Brokers & Service6411
Product category
Offshore Insurance & Wealth Services
Social media profiles1 record
Marketing channels1 record

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components3 values
Personnel, Operations, Others
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

IOMA Group is a financial services Group providing wealth and insurance structuring services from the Isle of Man. Through its subsidiaries it underwrites and administers life assurance (trading as IOMA Life via Isle of Man Assurance Limited), manages captive insurance arrangements (Isle of Man Insurance Management Limited), and administers pensions (IOMA Horizons Limited). The Group is currently in run-off and is managing existing client obligations rather than originating new business.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

IOMA Group is an insurance and assurance group operating in the Isle of Man, comprising multiple regulated subsidiaries. The core offering includes Isle of Man Assurance Limited (trading as IOMA Life), which provides life insurance and assurance products; Isle of Man Insurance Management Limited, which manages captive insurance arrangements and was instrumental in establishing the Isle of Man's first registered captive insurance company in 1981; and IOMA Horizons Limited, which handles pension administration services. The company is currently in run-off mode, managing existing policies rather than originating new business.

Product and service4 records
1IOMA Life (trading name of Isle of Man Assurance Limited)
CategoryLife assurance / insurance products
Description

Life assurance products offered to individuals on the Isle of Man through Isle of Man Assurance Limited under the IOMA Life trading name; administered under Isle of Man Financial Services Authority authorisation.

2Isle of Man Assurance Limited
CategoryInsurance and assurance services
Description

The primary operating entity of the IOMA Group, providing insurance and assurance services under authorisation of the Isle of Man Financial Services Authority.

3Isle of Man Insurance Management Limited
CategoryCaptive insurance management
Description

Wholly owned subsidiary providing captive insurance management services, originating from the Isle of Man's first registered captive insurance company formed in 1981.

4IOMA Horizons Limited
CategoryPension administration
Description

Wholly owned subsidiary administering pension-related services for IOMA Group clients under a distinct pensions complaints procedure.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight1 record

Each record includes

Type, Description

Peers10 records
1RL360°
TypeDirect peer
Description

Isle of Man-headquartered provider of offshore life insurance, savings, and investment products. Comparable to IOMA in being an IoM-regulated life assurance group serving expatriate and high-net-worth clients across multiple geographies.

2Hansard Global
TypeDirect peer
Description

Isle of Man-based specialist in offshore savings and life insurance products. Closely comparable to IOMA in jurisdiction, target customer (international wealth structuring), and unit-linked savings product focus.

3Generali Worldwide Insurance Company
TypeDirect peer
Description

Generali Group's IoM-domiciled offshore life insurance entity. Comparable to IOMA in being a regulated IoM insurer serving international wealth and estate planning clients.

4CUNA Mutual Group
TypeBroad incumbent
Description

Large US-domiciled mutual insurer with international life and investment operations including offshore wealth. Comparable to IOMA in integrating life insurance with wealth structuring, though much larger scale and broader geographic reach.

5Friends Provident International
TypeDirect peer
Description

Offshore life and pensions provider operating from the Isle of Man, offering international savings, investment, and pension products. Directly comparable to IOMA's life assurance and pension administration lines.

6Manx Financial Group
TypeRegional player
Description

Isle of Man-based broader financial group with banking and investment operations. Comparable to IOMA geographically as another IoM-domiciled regulated financial services group, though with a wider product set including consumer banking.

7Canada Life International
TypeDirect peer
Description

Isle of Man-based offshore life assurance arm of Canada Life. Comparable to IOMA Life in offering international whole-of-life and savings bonds from the same IoM regulatory perimeter.

8Skipton International
TypeDirect peer
Description

Isle of Man-based savings, mortgages, and investment products provider. Comparable to IOMA as another IoM-regulated financial services group serving the British Isles and international markets.

9Utmost Wealth
TypeDirect peer
Description

Isle of Man-based offshore life assurance and wealth management provider (formerly AXA Isle of Man). Directly comparable to IOMA on geography (IoM), product mix (offshore life and pensions), and regulatory perimeter, and has supplied multiple senior personnel to IOMA's board.

10Old Mutual International (Quilter International)
TypeDirect peer
Description

Offshore wealth and life assurance provider operating from the Isle of Man. Comparable to IOMA in cross-border life and pension structuring for expatriates and international clients.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries2 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

IOMA Group

Offshore Insurance & Wealth Servicesiomagroup.co.im

IOMA Group is a privately held, Isle of Man-regulated financial services group offering life assurance, captive insurance management, and pension administration; it is currently in run-off and managing existing policies to wind-down.

What IOMA Group does

IOMA Group is a privately held Isle of Man financial services group comprising three wholly owned subsidiaries: Isle of Man Assurance Limited (trading as IOMA Life), which provides life insurance and assurance products; Isle of Man Insurance Management Limited, which manages captive insurance arrangements and formed the Isle of Man's first registered captive insurance company in 1981; and IOMA Horizons Limited, which provides pension administration services. The group is regulated by the Isle of Man Financial Services Authority and historically served individuals and organisations seeking offshore insurance and financial services structuring, leveraging the Isle of Man's captive insurance and fiduciary regime.

The group was founded by Robin Bigland, who has been based on the Isle of Man since 1975 and was instrumental in pressing for the island's insurance legislation and regulation. Today the group is led by Founder and Chairman Robin Bigland, with Non-Executive Directors Neill Angus (former senior risk, compliance and legal officer at AXA Isle of Man / Utmost Wealth) and Oonagh Walsh (former Head of Investments & Trustee Services at Utmost Wealth). Headcount is reported at 51–100 employees, all based in the Isle of Man.

IOMA is currently in run-off: it no longer originates new business and is managing its existing in-force book of life assurance, captive insurance management, and pension administration policies toward wind-down. With effect from 1 July 2025, the registered and correspondence address will change to Seahorse, 10 Perwick Road, Port St Mary, Isle of Man. The group generates revenue from residual policy fees, captive management fees, and pension administration charges; pricing is not publicly disclosed and revenue figures are not reported in the available source material.

IOMA Group firmographics

Firmographics
Name
IOMA Group
Legal name
Isle of Man Assurance Limited
Website
https://iomagroup.co.im
Company type
Private
Founded year
1981
Operating status
Closed
Headcount range
51–100 employees
Short description
IOMA Group is a privately held, Isle of Man-regulated financial services group offering life assurance, captive insurance management, and pension administration; it is currently in run-off and managing existing policies to wind-down.
Ownership category
akta.pro rank

IOMA Group industry classification

Industry
Product category
Offshore Insurance & Wealth Services
NAICS
Insurance and Employee Benefit Funds (5251), Pension Funds (52511)
SIC
Life Insurance (6311), Insurance Agents, Brokers & Service (6411)
akta.pro industry
PRIMARYFSAAACAI
Insurance-Integrated Wealth Managers (RIA + Insurance Solutions)
Financial & Insurance/Asset & Wealth Management/Registered Investment Advisors (RIAs) & Independent Wealth Managers

Keywords

  • Offshore insurance services
  • Life assurance products
  • Captive insurance management
  • Pension administration
  • Wealth structuring services

Where IOMA Group is headquartered

Location

Headquarters

HQ city
Douglas

Offices1 record

Markets served

IOMA Group business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Others

Distribution channels1 record

Marketing channels1 record

IOMA Group product offering

Product offering

Core offering

IOMA Group is a financial services Group providing wealth and insurance structuring services from the Isle of Man. Through its subsidiaries it underwrites and administers life assurance (trading as IOMA Life via Isle of Man Assurance Limited), manages captive insurance arrangements (Isle of Man Insurance Management Limited), and administers pensions (IOMA Horizons Limited). The Group is currently in run-off and is managing existing client obligations rather than originating new business.

Product overview

IOMA Group is an insurance and assurance group operating in the Isle of Man, comprising multiple regulated subsidiaries. The core offering includes Isle of Man Assurance Limited (trading as IOMA Life), which provides life insurance and assurance products; Isle of Man Insurance Management Limited, which manages captive insurance arrangements and was instrumental in establishing the Isle of Man's first registered captive insurance company in 1981; and IOMA Horizons Limited, which handles pension administration services. The company is currently in run-off mode, managing existing policies rather than originating new business.

Differentiator

Problem solved

Functional benefit

Products and services

  • IOMA Life (trading name of Isle of Man Assurance Limited) Life assurance products offered to individuals on the Isle of Man through Isle of Man Assurance Limited under the IOMA Life trading name; administered under Isle of Man Financial Services Authority authorisation.
  • Isle of Man Assurance Limited The primary operating entity of the IOMA Group, providing insurance and assurance services under authorisation of the Isle of Man Financial Services Authority.
  • Isle of Man Insurance Management Limited Wholly owned subsidiary providing captive insurance management services, originating from the Isle of Man's first registered captive insurance company formed in 1981.
  • IOMA Horizons Limited Wholly owned subsidiary administering pension-related services for IOMA Group clients under a distinct pensions complaints procedure.

Companies that use IOMA Group

Customer profile

Segments1 record

Ideal customer profiles1 record

IOMA Group technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

IOMA Group partnerships and signals

Strategic signal

Recent moves5 records

Expansion highlights1 record

IOMA Group competitors and assessment

Company assessment

Direct peers

  • RL360°: Isle of Man-headquartered provider of offshore life insurance, savings, and investment products. Comparable to IOMA in being an IoM-regulated life assurance group serving expatriate and high-net-worth clients across multiple geographies.
  • Hansard Global: Isle of Man-based specialist in offshore savings and life insurance products. Closely comparable to IOMA in jurisdiction, target customer (international wealth structuring), and unit-linked savings product focus.
  • Generali Worldwide Insurance Company: Generali Group's IoM-domiciled offshore life insurance entity. Comparable to IOMA in being a regulated IoM insurer serving international wealth and estate planning clients.
  • Friends Provident International: Offshore life and pensions provider operating from the Isle of Man, offering international savings, investment, and pension products. Directly comparable to IOMA's life assurance and pension administration lines.
  • Canada Life International: Isle of Man-based offshore life assurance arm of Canada Life. Comparable to IOMA Life in offering international whole-of-life and savings bonds from the same IoM regulatory perimeter.
  • Skipton International: Isle of Man-based savings, mortgages, and investment products provider. Comparable to IOMA as another IoM-regulated financial services group serving the British Isles and international markets.
  • Utmost Wealth: Isle of Man-based offshore life assurance and wealth management provider (formerly AXA Isle of Man). Directly comparable to IOMA on geography (IoM), product mix (offshore life and pensions), and regulatory perimeter, and has supplied multiple senior personnel to IOMA's board.
  • Old Mutual International (Quilter International): Offshore wealth and life assurance provider operating from the Isle of Man. Comparable to IOMA in cross-border life and pension structuring for expatriates and international clients.

Broad incumbents

  • CUNA Mutual Group: Large US-domiciled mutual insurer with international life and investment operations including offshore wealth. Comparable to IOMA in integrating life insurance with wealth structuring, though much larger scale and broader geographic reach.

Regional players

  • Manx Financial Group: Isle of Man-based broader financial group with banking and investment operations. Comparable to IOMA geographically as another IoM-domiciled regulated financial services group, though with a wider product set including consumer banking.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

IOMA Group social profiles

Digital presence

IOMA Group financial estimates

Financial estimate

Revenue estimate

Valuation estimate

IOMA Group leadership team

Management profile

Number of profiles

Profiles3 records

IOMA Group subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

IOMA Group funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

IOMA Group M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IOMA Group

What does IOMA Group do?

IOMA Group is a financial services Group providing wealth and insurance structuring services from the Isle of Man. Through its subsidiaries it underwrites and administers life assurance (trading as IOMA Life via Isle of Man Assurance Limited), manages captive insurance arrangements (Isle of Man Insurance Management Limited), and administers pensions (IOMA Horizons Limited). The Group is currently in run-off and is managing existing client obligations rather than originating new business.

Is IOMA Group a public or private company?

IOMA Group is a private company. It is classified as founder individual operated bootstrapped and is currently closed.

When was IOMA Group founded?

IOMA Group was founded in 1981. It employs 51 to 100 people.

Where is IOMA Group based?

IOMA Group is headquartered in Douglas.

Who are IOMA Group's main competitors?

Direct peers on record are RL360°, Hansard Global, Generali Worldwide Insurance Company, Friends Provident International, Canada Life International, Skipton International, Utmost Wealth and Old Mutual International (Quilter International). CUNA Mutual Group is listed as a broad incumbent. Manx Financial Group is listed as a regional player.

Does IOMA Group have an API?

No public API is recorded for IOMA Group.

What industry is IOMA Group in?

IOMA Group's product category is Offshore Insurance & Wealth Services. Its primary akta.pro industry code is FSAAACAI, Insurance-Integrated Wealth Managers (RIA + Insurance Solutions). Its NAICS code is 5251 and its SIC code is 6311.

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