Argentina's Superintendency of Insurance approved a framework allowing insurers to use alternative internal models to calculate incurred but not reported claims reserves. The framework applies from financial statements closing on June 30, 2026, and requires models to meet the authority's technical and actuarial standards. Insurers must demonstrate reserve adequacy every six months through a sufficiency test and a report signed by an external actuary. The framework also provides for gradual amortization of differences from the general methodology and progressive reserve releases based on results.
Argentina Superintendency of Insurance2026-07-29
Argentina's Superintendency of Insurance allows internal models for IBNR reserves, subject to semiannual testing
Argentina's Superintendency of Insurance will allow insurers to use internal models to calculate incurred but not reported claims reserves from financial statements closing on June 30, 2026. Insurers must meet technical and actuarial requirements and demonstrate reserve adequacy every six months through a sufficiency test and an external actuary's report.