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A decision has been issued by the General Authority for Financial Supervision regulating the rules for underwriting and pricing in credit and guarantee insurance policies. This applies to property and liability insurance companies licensed in this sector. The decision stipulates that underwriting and pricing policies, as well as risk management, must be proportionate to the nature and size of the risks involved. Insurers are mandated to bear a minimum of 25% of the insured financing balance, with the possibility of increasing this share based on the Authority’s risk assessment. Additionally, it is prohibited to enter into any agreements or amendments aimed at directly or indirectly modifying the scope of coverage, in order to ensure the integrity and soundness of credit and guarantee insurance operations following the issuance of this decision.
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