Regulatory Alerts2026-01-19 | Resolución SBS 111-2026Added · Updated
SBS Resolution No. 111-2026: Amending Circular No. S-668-2018, AFP-166-2018, the Regulation on Equity Requirements for Insurance and Reinsurance Companies, and the Regulation on Technical Reserve for Claims
The Peruvian Superintendence of Banking, Insurance and Private Pension Fund Administrators (SBS) issued Resolution No. 00111-2026 to amend three key regulatory instruments following the conclusion of the COVID-19 pandemic. The resolution eliminates transitional adjustment spreads on discount rates for SISCO IX claims onward, revises the solvency margin calculation methodology to use a 36-month claims-based approach without pro-rata first-year allocations, and mandates monthly IBNR reserve estimations with specific short-term risk treatment for SCTR. These changes take effect on March 1, 2026, ensuring that insurance and reinsurance companies accurately measure required capital and risk exposure under current market conditions.
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