The draft norms were approved by CSA Tuesday. They will take effect after they are published in the Official Journal.
The authority set a new formula to compute the reserves needed by companies which offer insurance against natural disasters, CSA said in a press release Friday.
The formula will be applied both to companies that sell voluntary insurance against natural disasters and to the Pool of Insurance against Natural Disasters (PAID). Reserves will be set taking into account estimations regarding revenues from underwritten premiums on this segment and reinsurance programs, said CSA.