Insurance industry strengthens solvency ratios
The Solvency Capital Requirement (SCR) coverage ratio of insurance companies under ASF supervision stood at 137% in September 2016, a 9 % increase when compared to the beginning of the year.
As regards the Minimum Capital Requirement (MCR), there was a slight increase of one percent from the opening position in January, standing at 389% by the end of the third quarter of 2016.
Evolution Report on the insurance activity - 3rd Quarter 2016
Evolution of Pension Funds - 3rd quarter of 2016
The amount of benefits paid by pension funds in the first nine months of 2016 totaled 544 822 thousand euros, representing a 29.6% increase over the same period the previous year.
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