What is the purpose of the Financial Services Authority in insurance regulation?

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What is the purpose of the Financial Services Authority in insurance regulation?
Is the insurance industry subject to taxation?
How does the insurance industry comply with anti-money laundering regulations?
What are the risks associated with insurance?
Is there a maximum amount of premium that can be charged by an insurance company?
How does the insurance industry use actuarial science to evaluate risk?
How do regulators protect the public in the insurance industry?
How do insurers determine risk and calculate premiums?
What is the difference between traditional and modern insurance products?
How does the government ensure consumer protection in the insurance industry?

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