Regulatory AlertsFinansinspektionen’s regulations regarding non-life insurance undertakings’ calculation of contingency reserves
Finansinspektionen issued regulations specifying the provisions, dissolutions, and calculation methods for contingency reserves in non-life insurance undertakings. The rules update maximum provision formulas, remove the group rule and credit insurance equalisation parameters, and adapt the framework to the Solvency II Directive. These amendments, which also allow the reserve to cover all losses and apply to foreign branches in Sweden, entered into force on 1 January 2016.
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