At a 30th anniversary event for its Insurance Superintendency, the Central Bank of Paraguay reviewed the supervisor’s development and reiterated that it is moving ahead with the gradual implementation of risk based supervision. The update was framed as part of a broader push to modernize regulation and supervision of Paraguay’s insurance market, rather than as a new formal rulemaking action. Insurance Superintendent Adriana Jazmín Bernal Lugo said the supervisory framework is being adapted to market changes, new regulatory demands and rising public expectations, with international technical support backing the transition to risk based supervision. She indicated that the related regulatory updates will be carried out gradually and with dialogue. The event also highlighted recent market indicators, including insurance penetration of 1.3% of gross domestic product in 2025, the highest level recorded in Paraguay, and insured capital of about USD 125 billion at the end of the latest insurance year, equivalent to 3.44 times the size of the economy. The closing remarks presented the anniversary as a starting point for further regulatory and technological modernization of the Insurance Superintendency, with the aim of supervising a growing market more efficiently and in line with international practices.
Central Bank of Paraguay2026-02-12
Central Bank of Paraguay insurance supervisor marks 30 years and reiterates gradual rollout of risk based supervision
The Central Bank of Paraguay used the 30th anniversary of its Insurance Superintendency to reiterate that it is gradually implementing risk based supervision and preparing related regulatory modernization. The update did not announce a specific new rule, but positioned the shift as part of a broader supervisory and technological overhaul. The bank also highlighted 2025 insurance penetration of 1.3% of GDP and insured capital of about USD 125 billion.