Regulatory Alerts2023-01-01 | JPRF-S-2023-092JPRF-S-2023-092 — Determination of the Accumulation Amount, Coverage, and Contribution Percentage of the Private Insurance Fund for 2023
The Financial Policy and Regulation Board of Ecuador issued Resolution No. JPRF-S-2023-092 to formally adjust the accumulation targets, coverage limits, and contribution parameters for the Private Insurance Fund for the 2023-2024 fiscal period. The resolution legally increases the maximum protected coverage per insured or beneficiary from USD 1,500.00 to USD 2,000.00 and updates the referenced years in the applicable contribution articles to reflect current actuarial and risk assessments. These amendments operationalize the technical recommendations submitted by COSEDE to strengthen the financial resilience of Ecuador's private insurance sector and enhance policyholder safeguards.
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