Regulatory Alerts2019-05-31 | DOF 5561633Added
Modifying Circular 1/19 of the Single Document on Insurance and Sureties
The National Insurance and Sureties Commission modifies provisions 6.5.5 through 6.5.23 and associated annexes of the Single Document on Insurance and Sureties to adjust the model for calculating the asset-liability mismatch capital requirement for pension insurance institutions. The amendments introduce a more precise method for measuring reinvestment risk by projecting liabilities and assets over annual intervals up to the maturity of assets offering guaranteed returns equal to or greater than inflation. Additionally, the Commission simplifies administrative procedures by allowing the remote digital submission of specific medical controller reports and appointments, replacing physical delivery. These changes apply to the regulatory capital report for the second quarter of 2019, with actuarial methodology adjustments required by June 1, 2019.