Regulatory Alerts2015-12-14 | DOF 5419874Added · Updated
Modifying Circular 13/15 of the Single Insurance and Surety Circular (Continuation from the Third Section)
This circular mandates insurance and surety companies to report detailed financial and operational data through specific tables covering income statements, investment portfolios, technical reserves, and performance metrics. It requires the disclosure of granular breakdowns for investments, derivatives, real estate, credit portfolios, and related-party transactions, as well as specific reserve calculations for catastrophe risks and pension schemes. The document establishes standardized reporting formats for premiums, claims, acquisition costs, and combined indices across life, accident, health, property, and surety lines of business.
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