Regulatory Alerts2017-06-27 | DOF 5488119Added
Amending Circular 4/17 of the Single Insurance and Surety Circular
The National Insurance and Sureties Commission updates Annex 7.2.5 of the Single Insurance and Surety Circular to establish statutory scenarios for the 2016 Dynamic Solvency Test. The amendment defines specific solvency margin percentages for various life, accident, health, damage, and suretyship lines, and mandates the application of hypotheses regarding financial risk, counterparty insolvency, and combined risk scenarios. Insurance and surety institutions must apply these updated parameters to evaluate the sufficiency of their admissible own funds against prospective operational scenarios.