Regulatory Alerts2015-09-01
Decision on Capital Adequacy of Insurance/Reinsurance Undertakings
The Executive Board of the National Bank of Serbia issues this Decision to specify the calculation methods for guarantee reserves, guarantee capital, and required solvency margins for insurance and reinsurance undertakings. It establishes detailed rules for determining core and supplementary capital, defines specific deductibles for illiquid assets and subordinated debt, and mandates the use of standardized reporting forms for life, non-life, and reinsurance activities. The regulation requires quarterly and annual compliance assessments, with full implementation commencing on 31 December 2015, while simultaneously repealing previous liquidity and solvency margin decisions.
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