The Argentina Superintendency of Insurance has repealed two technical reserve requirements in the General Insurance Activity Regulation, removing the special contingency reserve for environmental surety risks and the claims deviation reserve for involuntary unemployment or temporary disability coverage. The authority said the change followed technical analysis showing that these reserves were no longer supported by actual claims experience. According to the review, the affected lines recorded low claims levels over the past decade, making the reserve requirements excessive relative to observed loss experience. The repeal forms part of the authority's broader review of existing insurance rules.
Argentina Superintendency of Insurance2026-06-22
Argentina Superintendency of Insurance repeals reserve requirements for environmental surety and involuntary unemployment cover
The Argentina Superintendency of Insurance repealed two reserve requirements covering environmental surety risks and involuntary unemployment or temporary disability insurance. It said a technical review found the reserves had become excessive given the low claims experience recorded over the past decade.