Regulatory Alerts2015-04-30
Regulation on Asset Deposits as Guarantee, Capital Adequacy, Financial Reporting, Risk Management, Investment and Liquidity
The Board of the Central Bank of the Republic of Kosovo issued this regulation to establish comprehensive capital adequacy, asset deposit, and financial reporting standards for licensed life and non-life insurers. It mandates a minimum three million euro paid-in capital, defines variable capital and solvency margin calculations through detailed risk tables, and requires quarterly, monthly, and annual audited financial submissions with strict deadlines. The framework further governs risk retention, reinsurance quality, investment committee duties, and imposes financial penalties or corrective measures for non-compliance or late reporting.
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