Revision of prudential rules

Two decrees pertaining to insurers’ solvency will be adopted before the end of the first semester 2012. These bills are designed to redefine the regulated obligations of insurance companies as well as the solvency margin which is currently set at 20% of net premiums. The new decrees will provide for a different solvency margin for each class of business. These amendments are in consistency with the solvency rules in force internationally. The changes induced by the recent separation of life and non life insurance activities are also taken into consideration.