Regulatory Alerts2023-05-16 | DOF 5688770Added · Updated
Modifying Circular 2/23 of the Single Circular on Insurance and Surety Bonds
The National Commission of Insurance and Surety Bonds updates Annex 5.15.3 to establish new paid claim and administrative expense indices for valuing surety reserves, and updates Annex 7.2.5 to define statutory scenarios for the 2022 Dynamic Solvency Test. Institutions must apply these updated market parameters and statutory stress scenarios, including specific claim increase percentages and counterparty insolvency assumptions, to evaluate the sufficiency of their admissible own funds.