Circular No.: 4/2025
Date: 01/05/2025
To: All Insurance Companies and Holding Companies
Subject: Insurance Group Supervision
The Central Bank seeks to promote the effective and efficient development and functioning of the insurance sector. To this end, the Central Bank recognizes the importance of effective insurance Group supervision.
Through the issuance of this Regulation, the Central Bank intends to ensure a comprehensive approach to the supervision of Companies, not only on an individual basis, but also at the Group level.
The Regulation must be read in conjunction with the following laws and regulations, at a minimum:
- Federal Decree-Law No. 14 of 2018 Regarding the Central Bank and Organization of Financial Institutions and Activities, as amended;
- Federal Decree-Law No. 48 of 2023 Regulating Insurance Activities;
- Federal Decree-Law No. 32 of 2021 on Commercial Companies;
- Federal Law No 12 of 2014 on the Regulation of the Auditing Profession, as amended;
- Cabinet Decision No. 48/2022 On the Implementing Regulation of Federal Law No. 12/2014 on the Regulation of the Auditing Profession;