Chilean insurers to better manage investment risks

Chile’s Insurance and Securities Superintendency (SVS) will from next month require that local insurers adopt a market risk assessment model for their investment portfolios, according to a statement made at the opening of the 9th International Conference of the International Association of Insurance Superintendents (IAIS) in Santiago by the head of the SVS, Alvaro Clarke. He said that under the new system, insurers will be able to quantify the amount or value of the probable maximum loss of their investment portfolio in the event of an adverse shift in the investment markets.