Insurance deregulation is advancing and the Government has established that insurers will be able to adapt the current rate tables, although they must ensure that they are available to the control body.
The Government deregulated this Monday the rates of insurance policies through the elimination of the limits and guidelines that have been in effect since 2013 for setting prices in the market. Thus, the National Insurance Superintendency (SSN) advances one step further in the deregulation process that it has been carrying out since December 2024.
The measure was taken through the Resolution 18/2025 of the Superintendency, which repealed Resolution 38,064approved in 2013, which set the limits and guidelines for the tariff schedules applied by companies. As detailed in the rule that was published this Monday in the Official Gazette, this decision is based on the fact that “The entities’ risk underwriting and retention policies are governed by the technical principles of equity.sufficiency, homogeneity and representativeness”.
In that sense, the foundations of the approved norm highlight that “article 26 of Law No. 20,091 establishes that The premiums must be sufficient to comply with the insurer’s obligations and its permanent economic-financial capacity.”. And it implies that it is an objective of the measure to recover that characteristic of the market.
Likewise, the text states that “the elimination of the limits in question is promoted within the framework of intelligent deregulation and, likewise, with the aim of promoting free competition between actors in the sector.” Based on this, Insurers may adapt the current rate tables and ensure that they are available to the control body.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
