The Argentina Superintendency of Insurance has issued amendments to the General Regulation of Insurance Activity, aiming to streamline the valuation of reserves for judicial claims and strengthen insurers’ technical solvency, particularly in the workers’ compensation risks system. The changes standardise and simplify procedures for valuing reserves related to court claims to improve transparency and precision in estimating liabilities. The resolution also introduces a transitional capital requirement measure designed to encourage active judicial settlement, allowing insurers to count payments arising from court settlements toward up to 30% of the minimum required capital, with the stated aim of reducing high levels of litigation. The amendments apply from financial statements closed on 30 June 2025 onwards.
Argentina Superintendency of Insurance 2025-07-14
Argentina Superintendency of Insurance updates the General Regulation of Insurance Activity to simplify reserve valuation and allow limited capital recognition for judicial settlements
The Argentina Superintendency of Insurance amended the General Regulation of Insurance Activity to streamline reserve valuation for judicial claims and enhance insurers' technical solvency, especially in workers’ compensation risks. The changes standardize reserve valuation procedures and introduce a transitional capital requirement allowing insurers to count court settlement payments toward up to 30% of the minimum required capital. These amendments apply to financial statements closed from 30 June 2025 onwards.