Insurers will have to provide more financial information in their yearly reports under regulations approved by the House of Assembly yesterday.Category 3B and E insurance companies are affected by the Insurance Accounts Amendment (Number 2) Regulations pushed through by Premier and Finance Minister Paula Cox.MPs gave full backing to the regulations, which also mean 3B insurers are required to report the same financial statement information currently provided by Class 4 insurers.Ms Cox said the move comes in addition to amendments already made to the Insurance Act 1978 which aims to set standards for corporate governance that will enhance Bermuda's international reputation.United Bermuda Party MP Patricia Gordon-Pamplin said: “There are worldwide standards that must be upheld. It's not sexy or riveting, but it's necessary for us to continue to have the cutting edge.”