New rules for insurance investments in the public sector

According to a new resolution of the Board of Monetary and Financial Regulation, insurance companies must invest their technical reserves and “at least the sixty percent (60%) of paid capital and legal reserve, in financial instruments, stock market and other investments, within the limits and conditions” stated by the document, issued on March 9, which first talks about fixed income.

“Companies may invest in fixed income securities in the following segments and percentages: Up to 50% in certificates or other securities issued and guaranteed by institutions or public sector bodies, including autonomous governments and public enterprises.”

Source: http://expreso.ec/economia/nuevas-reglas-para-las-inversiones-de-los-seguros-en-el-sector-publico-AE204882