In an interview at the South American Insurance Forum, Argentina's Superintendent of Insurance Guillermo Plate outlined the Superintendency of Insurance's shift toward more efficient, risk-based supervision and the removal of unnecessary regulatory requirements. He said oversight should anticipate emerging risks rather than rely solely on historical information, while remaining focused on protecting policyholders. Plate reviewed the revocation of seven insurers' authorizations for failing to meet required standards, noting that the actions followed legal and judicial procedures. He also called for insurers to improve underwriting, cost management and claims payments, and highlighted the need to review Article 34 of Law 24,557 concerning the Occupational Risks Reserve Fund. Argentina's insurance market currently represents less than 3% of gross domestic product, with Plate suggesting it could approach 6% in the coming years alongside economic stability, stronger savings and capital-market development.
2026-08-19Argentina Superintendency of Insurance
Argentina's Superintendency of Insurance outlines risk-based supervision priorities after seven authorization revocations
Argentina's Superintendent of Insurance Guillermo Plate outlined plans for more efficient, risk-based supervision and fewer unnecessary regulatory requirements. He reviewed seven authorization revocations involving insurers that failed to meet required standards and called for a review of rules governing the Occupational Risks Reserve Fund.