New committee to supervise investments by insurance and re-insurance companies
23 Oct 2012
The Government of Argentina created a committee to supervise investments by insurance and re-insurance companies in the real economy (Joint Resolutions 620/2012 and 365/2012). The measure is part of a Strategic National Insurance Plan requiring insurance companies to use part of their invested funds for investment in the real economy. The committee on the eligibility of investments by insurance and reinsurance companies has the objective to assess whether investments are linked to the real economy on the basis of criteria that tend to boost production and infrastructure, both medium and long term, and both at the national and regional level.
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Type:
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Treatment and operation (Operational conditions)
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Industry:
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Services (Financial and insurance activities)
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