Regulatory Alerts2020-12-03 | 24126The Insurance (Capital Adequacy) Regulations, 2020
The insurance regulatory authority has promulgated these regulations to establish mandatory capital adequacy standards for all licensed insurers. The framework requires entities to maintain minimum risk-based capital levels, submit regular solvency reports, and conduct standardized stress tests. By aligning domestic capital requirements with international best practices, the rules strengthen policyholder protection and mitigate systemic risks across the insurance sector.
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