Regulatory Alerts2017-08-31
Added · Updated
Regulation on the Calculation of Minimum Solvency Margin, Capital Adequacy and Guarantee Fund for Non-Life Insurers
The Central Bank of Kosovo issued this regulation to establish the calculation methods and reporting requirements for the minimum solvency margin, capital adequacy, and guarantee fund for non-life insurers. It defines the composition of basic and additional capital, specifies deductible elements, and mandates that insurers maintain capital above the higher of their guarantee fund or 150% of the calculated solvency margin. The document further details the allocation of the guarantee fund, capital source verification for anti-money laundering purposes, and specific solvency calculation timelines for new and existing insurers.