2023-06-27

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Regulation on Internal Assessment of Own Risks and Solvency for Insurance and Reinsurance Undertakings

The National Bank of Moldova issued Decision No 243/2024 to approve a regulation establishing internal risk and solvency assessment (ORSA) requirements for insurance and reinsurance undertakings. The framework mandates these entities to conduct standardized stress tests and continuous monitoring procedures to verify their ongoing capacity to maintain financial stability. Effective October 4, 2024, the regulation standardizes supervisory reporting and aligns domestic solvency calculations with broader macroprudential objectives.

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Source: National Bank of Moldova — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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