Argentina’s Superintendency of Insurance issued a resolution amending the General Regulation of Insurance Activity to update how technical reserves and eligible capital are valued for the workers’ compensation line (Riesgos del Trabajo), with the stated aim of simplifying reserve calculations and strengthening solvency. The changes revise the Claims Reserve in the Process of Settlement (SPL) by introducing updated formulas and requiring a disability percentage based on each insurer’s own loss experience, subject to mandatory minimum values to improve consistency and the precision of liability estimates. The Incurred But Not Reported (IBNR) reserve is also updated. In addition, transitional adjustments to eligible capital allow insurers to recognise, up to a maximum of 30% of the minimum required capital, payments arising from judicial conciliation agreements made in the last 12 months.
Argentina Superintendency of Insurance 2025-10-06
Argentina Superintendency of Insurance updates workers' compensation reserving methods and lets insurers count judicial conciliation payments for up to 30% of required capital
Argentina’s Superintendency of Insurance amended the General Regulation of Insurance Activity to update valuation methods for technical reserves and eligible capital in workers’ compensation. The resolution revises formulas for Claims Reserve in the Process of Settlement and updates the Incurred But Not Reported reserve. Transitional adjustments allow insurers to recognize up to 30% of the minimum required capital from recent judicial conciliation payments.