{ "actualizado": "2026-10-16", "descripcion": "actuaria.mx actuarial regulatory monitor: regulatory developments from 2025 to October 2026 relevant to actuaries in Mexico and worldwide. Each entry links to its official source.", "entradas": [ { "id": "cusf-cm-1-25", "fecha": "2025-06-23", "autoridad": "CNSF", "ambito": "Insurance", "tipo": "Amending circular", "titulo": "CUSF Amending Circular 1/25: new statutory scenarios for the Dynamic Solvency Test", "resumen": "Replaces Annex 7.2.5 with the statutory scenarios that companies must use in the Dynamic Solvency Test for fiscal year 2024, set by the CNSF based on developments in the insurance and surety markets and the macroeconomic context. The same instrument updates Annex 5.15.3, which sets the surety market paid claims and administrative expense ratios. It took effect the day after publication.", "impacto_actuarial": "The actuary who signs the PSD must project with the new scenarios, not last year's. Anyone valuing the reserve for surety bonds in force without sufficient own experience must replace the market parameters.", "fuente_url": "https://sidof.segob.gob.mx/notas/docFuente/5760801" }, { "id": "cusf-cm-2-3-25", "fecha": "2025-10-14", "autoridad": "CNSF", "ambito": "Insurance", "tipo": "Amending circular", "titulo": "Amending Circulars 2/25 and 3/25: additions and changes to the register of foreign reinsurers and reinsurance intermediaries", "resumen": "Circular 2/25 updates Annexes 34.1.21-b and 34.4.3 with registrations, cancellations and changes in legal status in the Registro General de Reaseguradoras Extranjeras (RGRE, General Register of Foreign Reinsurers) and with the authorized representative offices. Circular 3/25 renews Annex 35.1.9, the list of authorized reinsurance intermediaries as of June 30, 2025. Both were published the same day and took effect the following day.", "impacto_actuarial": "Only reinsurers registered in the RGRE are valid counterparties; before recognizing reinsurance recoverables, it is wise to check the program against the annex in force.", "fuente_url": "https://sidof.segob.gob.mx/notas/docFuente/5769846" }, { "id": "cusf-cm-4-25", "fecha": "2025-10-24", "autoridad": "CNSF", "ambito": "Insurance", "tipo": "Amending circular", "titulo": "Amending Circular 4/25: operational risk loss event database, risk appetite and risk tolerance", "resumen": "Adds Provision 3.2.13, which requires insurance companies and mutual insurers to keep an operational risk loss event database using the catalog and format in Annexes 3.2.13-a and 3.2.13-b. It defines risk appetite and risk tolerance in Provision 1.1.1 and tasks the risk management area with coordinating and verifying the calculation and submission of the RCS. It takes effect on July 1, 2026, and the first database submission covers the September 30, 2026 cutoff; a clarifying note dated May 8, 2026 corrected the reference in Annex 3.2.13-b.", "impacto_actuarial": "It is the input the CNSF needs to recalibrate operational risk in the RCS standard formula. The actuarial function and the risk area must reconcile the loss database with the accounting records and with the PSD assumptions.", "fuente_url": "https://sidof.segob.gob.mx/notas/docFuente/5770830" }, { "id": "cusf-cm-6-7-25", "fecha": "2025-12-15", "autoridad": "CNSF", "ambito": "Insurance", "tipo": "Amending circular", "titulo": "Amending Circulars 6/25 and 7/25: 2026 non-business days for companies and for the CNSF", "resumen": "Circular 6/25 amends Annex 13.2.1 with the 2026 days on which insurance companies and mutual insurers may close and suspend operations, which are also non-business days for the Commission. Circular 7/25 amends Annex 13.3.1 with the CNSF staff holiday period. They were signed on December 2, 2025 and took effect the day after publication.", "impacto_actuarial": "CUSF deadlines are counted in business days: these annexes determine the actual due date of every quarterly and annual regulatory report in 2026.", "fuente_url": "https://sidof.segob.gob.mx/notas/docFuente/5776182" }, { "id": "cusf-cm-8-9-10-25", "fecha": "2025-12-15", "autoridad": "CNSF", "ambito": "Insurance", "tipo": "Amending circular", "titulo": "Amending Circulars 8/25, 9/25 and 10/25: annual RGRE list in force from January 1, 2026", "resumen": "Circular 8/25 publishes Annex 34.1.21-a with the foreign insurers and reinsurers that make up the RGRE and takes effect on January 1, 2026. Circular 9/25 updates register movements and representative offices (Annexes 34.1.21-b and 34.4.3), and 10/25 the list of reinsurance intermediaries from July 1 to October 31, 2025 (Annex 35.1.9).", "impacto_actuarial": "The annual RGRE list is the reference for calculating counterparty risk and for documenting, in the technical note and the reinsurance manual, whom business is ceded to.", "fuente_url": "https://sidof.segob.gob.mx/notas/docFuente/5776184" }, { "id": "cusf-cm-1-26", "fecha": "2026-02-20", "autoridad": "CNSF", "ambito": "Pensions", "tipo": "Amending circular", "titulo": "Amending Circular 1/26: adjustment to the technical note for the constitutive amount of 1997 regime life annuities", "resumen": "Amends Annex 14.2.1-y, which contains the technical note for determining the constitutive amount of pensions under the LSS retirement, old age unemployment (cesantía en edad avanzada) and old age insurance, and those under article 172-A. The CNSF found that, in cesantía cases that switch from programmed withdrawal to a life annuity, the note did not use as its reference the average of the guaranteed pensions for one minimum wage and age 60 from the article 170 table, as article 157 requires. The adjustment was approved by the Committee under article 81 of the LSAR at its October 21, 2025 session.", "impacto_actuarial": "It changes the individual account sufficiency test in one specific cesantía scenario; pension insurers must recalculate quotes and validate their systems against the new technical note.", "fuente_url": "https://sidof.segob.gob.mx/notas/docFuente/5780611" }, { "id": "cusf-cm-2-26", "fecha": "2026-04-08", "autoridad": "CNSF", "ambito": "Insurance", "tipo": "Amending circular", "titulo": "Amending Circular 2/26: extension of agent and adjuster authorizations after the CNSF security incident", "resumen": "Adds the Ninetieth Transitional Provision: authorizations for individual agents, legal representatives of corporate agents, agent proxies and adjusters that were due for renewal from January 15, 2026 remain valid until April 30, 2026. The measure responds to the information security incident the Commission suffered on January 30, 2026.", "impacto_actuarial": "Low direct actuarial impact; relevant for distribution areas and for anyone reviewing operational and technology risk in the ARSI.", "fuente_url": "https://sidof.segob.gob.mx/notas/docFuente/5784364" }, { "id": "cusf-cm-3-26", "fecha": "2026-04-22", "autoridad": "CNSF", "ambito": "Insurance", "tipo": "Amending circular", "titulo": "Amending Circular 3/26: new address of the Nuevo León Regional Office", "resumen": "Amends Provision 39.6.2, section III, item e), which sets the hours and addresses of the filing offices of the CNSF and its regional offices, to reflect the relocation of the Nuevo León Regional Office. It took effect the day after publication.", "impacto_actuarial": "No technical impact; it matters only if physical documents are filed at that office.", "fuente_url": "https://sidof.segob.gob.mx/notas/docFuente/5785585" }, { "id": "cusf-cm-4-26", "fecha": "2026-07-22", "autoridad": "CNSF", "ambito": "Surety", "tipo": "Amending circular", "titulo": "Amending Circular 4/26: surety market ratios for the reserve for surety bonds in force", "resumen": "Updates Annex 5.15.3 with the surety market paid claims ratios and annual administrative expense ratio. They are used by companies that lack timely, homogeneous, reliable and sufficient own data to value the reserve for surety bonds in force, under Provision 5.15.3. The CNSF reviews these ratios during the first quarter of each year.", "impacto_actuarial": "Small surety companies or those with limited experience must replace the market parameters in their valuation from its effective date.", "fuente_url": "https://sidof.segob.gob.mx/notas/docFuente/5794448" }, { "id": "lisf-homologacion-cnpcf-2025", "fecha": "2025-11-14", "autoridad": "Congreso de la Unión", "ambito": "Surety", "tipo": "Law/Decree", "titulo": "Amendment to the LISF and the LSAR to align them with the National Code of Civil and Family Procedure", "resumen": "A legislative alignment decree amends articles 193, 280, 281 and 479 of the LISF so that the Código Nacional de Procedimientos Civiles y Familiares (National Code of Civil and Family Procedure) is the supplementary law for the procedures they govern, including the judicial collection of surety bonds. The same decree amends the last paragraph of article 111 of the LSAR.", "impacto_actuarial": "It does not change reserves or capital, but it does change judicial surety claim procedures, which can alter the payment and recovery times used in claims experience.", "fuente_url": "https://sidof.segob.gob.mx/notas/docFuente/5773097" }, { "id": "consar-disposiciones-financieras-2025", "fecha": "2025-07-21", "autoridad": "CONSAR", "ambito": "Pensions", "tipo": "Provision", "titulo": "New general financial provisions for the Retirement Savings Systems", "resumen": "CONSAR issues a new body of financial provisions that adds rules for investing in simplified issuances, in line with the reform of the Securities Market Law and with the CNBV provisions of January 2025. It requires Afores to have a subcommittee specialized in structured instruments, a channel to receive investment proposals from the local market, exit policies and prudential concentration limits by project and by manager. It also tightens conflict of interest and transparency requirements for investing in FIBRAS.", "impacto_actuarial": "It changes the asset universe and governance of the Siefores, which affects return and risk assumptions in balance and replacement rate projections.", "fuente_url": "https://sidof.segob.gob.mx/notas/docFuente/5763403" }, { "id": "consar-regimen-inversion-ago-2025", "fecha": "2025-08-01", "autoridad": "CONSAR", "ambito": "Pensions", "tipo": "Provision", "titulo": "Amendments to the Siefore investment regime: state public enterprises and Annex S bis limits", "resumen": "Replaces the concept of State Productive Enterprises with State Public Enterprises, following the October 2024 constitutional reform on strategic areas and enterprises. It clarifies that exceeding the limits of either Annex S or Annex S bis constitutes a breach, adjusts the extended limits for quarters 148 to 150 and strengthens prudential control of structured instruments.", "impacto_actuarial": "The asset class limits of each generational Siefore change the available efficient frontier; they are worth reviewing in ALM studies of private plans that compare their portfolio with the Siefores'.", "fuente_url": "https://sidof.segob.gob.mx/notas/docFuente/5764410" }, { "id": "consar-regimen-inversion-nov-2025", "fecha": "2025-11-04", "autoridad": "CONSAR", "ambito": "Pensions", "tipo": "Provision", "titulo": "Investment regime: foreign currency limits for accumulation and decumulation, and FIBRAS in the Siefore Básica de Pensiones", "resumen": "Adjusts the investment limits on foreign currency denominated assets with the stated aim of maximizing the replacement rate during the accumulation and decumulation phases. It clarifies the definition of foreign debt securities, sets guidelines for vehicles whose underlying assets are simplified issuances or Mexican companies, and allows the Siefore Básica de Pensiones to invest in FIBRAS through vehicles.", "impacto_actuarial": "It is the first time the regime explicitly mentions the decumulation phase; relevant for anyone modeling programmed withdrawals and the transition to a life annuity.", "fuente_url": "https://sidof.segob.gob.mx/notas/docFuente/5771761" }, { "id": "consar-irn-feb-2026", "fecha": "2026-02-25", "autoridad": "CONSAR", "ambito": "Pensions", "tipo": "Provision", "titulo": "Net Return Indicators: 3 year informational horizon and weight of account registration in reassignment", "resumen": "Amends the provisions governing the construction of the Indicadores de Rendimiento Neto (IRN, Net Return Indicators). It allows Afores to show workers returns over a 3 year horizon for informational purposes and adds, as an account reassignment factor, each Afore's effort to get assigned accounts registered. It took effect the day after publication.", "impacto_actuarial": "The IRN drives transfers and assignments; for savings adequacy studies it is wise to separate the informational short term return from the official indicator.", "fuente_url": "https://sidof.segob.gob.mx/notas/docFuente/5780898" }, { "id": "consar-irn-sep-2026", "fecha": "2026-09-02", "autoridad": "CONSAR", "ambito": "Pensions", "tipo": "Provision", "titulo": "Net Return Indicators: new proportionality factors for assigning and reassigning accounts from 2027", "resumen": "Amends the Net Return Indicator procedure again: it adjusts the proportionality factors, includes efforts to search for, locate and contact account holders, and updates the Investment Conditions Indicator used for reassignment. The provisions take effect on January 1, 2027.", "impacto_actuarial": "It changes the expected distribution of unregistered accounts among Afores, useful data for industry projections and fee analysis.", "fuente_url": "https://sidof.segob.gob.mx/notas/docFuente/5797700" }, { "id": "imss-plataformas-digitales-2025", "fecha": "2025-06-24", "autoridad": "IMSS", "ambito": "Pensions", "tipo": "Provision", "titulo": "IMSS: pilot program rules to bring digital platform workers into the mandatory regime", "resumen": "On May 27, 2025 the Technical Council approved the general rules for the pilot program, in force since July 1, 2025. Platforms must enroll workers from the moment they register, with at least one general daily minimum wage, and occupational risks are covered under article 291-C of the LFT. The IMSS has 180 calendar days to prepare, using the pilot results, the bills that will define the permanent scheme.", "impacto_actuarial": "It brings in a population with variable income and high turnover: assumptions on contribution density, occupational risk claims and benefit costs must be reviewed.", "fuente_url": "https://sidof.segob.gob.mx/notas/docFuente/5760936" }, { "id": "infonavit-reforma-2025", "fecha": "2025-02-21", "autoridad": "Congreso de la Unión", "ambito": "Pensions", "tipo": "Law/Decree", "titulo": "Amendment to the Infonavit Law on socially oriented housing", "resumen": "The decree amends the Infonavit Law and the LFT. It empowers the Institute to coordinate, finance, carry out or invest in housing programs for purchase or social rental, to offer social rentals of properties it has built or recovered, and to build homes through a subsidiary.", "impacto_actuarial": "The housing subaccount is part of the worker's retirement wealth; changes in how the Institute uses its funds are a risk to watch in return and adequacy analyses.", "fuente_url": "https://sidof.segob.gob.mx/notas/docFuente/5749909" }, { "id": "lss-lissste-igualdad-2026", "fecha": "2026-01-15", "autoridad": "Congreso de la Unión", "ambito": "Pensions", "tipo": "Law/Decree", "titulo": "LSS and ISSSTE Law: amendment on substantive equality and gender perspective", "resumen": "A decree amending 17 laws amends articles 2, 3, 202, 286 J and 303 of the LSS and adds a paragraph to article 111 A, which calls for statistics to assess the differing impact of IMSS services on women and men. In the ISSSTE Law it amends articles 10, 29 and 208, which now requires pension rulings to be issued with a gender perspective, and adds a paragraph to article 39. It does not change pension calculation formulas.", "impacto_actuarial": "The sex disaggregated statistics required by article 111 A may improve the data for experience tables and adequacy studies that reflect gender differences.", "fuente_url": "https://sidof.segob.gob.mx/notas/docFuente/5778297" }, { "id": "uma-2025", "fecha": "2025-01-10", "autoridad": "INEGI", "ambito": "Pensions", "tipo": "Provision", "titulo": "UMA 2025: 113.14 pesos per day from February 1, 2025", "resumen": "INEGI published the values of the Unidad de Medida y Actualización (UMA) in force from February 1, 2025: 113.14 pesos per day, 3,439.46 per month and 41,273.52 per year. The daily value is updated with the year over year change in the December INPC; the monthly value is the daily value times 30.4, and the annual value is the monthly value times 12.", "impacto_actuarial": "The UMA is the reference unit for caps, thresholds and amounts set in federal laws and in many plan rules; year end 2025 valuations that use it must apply this value.", "fuente_url": "https://sidof.segob.gob.mx/notas/docFuente/5746930" }, { "id": "salario-minimo-2026", "fecha": "2025-12-09", "autoridad": "CONASAMI", "ambito": "Pensions", "tipo": "Provision", "titulo": "Minimum wage 2026: 315.04 pesos per day in the general zone and 440.87 on the northern border", "resumen": "The CONASAMI Council of Representatives set a 13.0% increase in the General Minimum Wage Zone, to 315.04 pesos per day, made up of an Independent Recovery Amount (MIR) of 17.01 pesos plus a 6.5% fixing increase. In the Northern Border Free Zone the increase is 5.0%, to 440.87 pesos, with no MIR. It applies from January 1, 2026.", "impacto_actuarial": "The minimum wage is the floor of the contribution base salary (article 28 of the LSS), and twice the minimum wage caps the salary for the seniority premium (articles 162 and 486 of the LFT): the 13% increase raises that liability in NIF D-3 valuations.", "fuente_url": "https://sidof.segob.gob.mx/notas/docFuente/5775534" }, { "id": "uma-2026", "fecha": "2026-01-09", "autoridad": "INEGI", "ambito": "Pensions", "tipo": "Provision", "titulo": "UMA 2026: 117.31 pesos per day from February 1, 2026", "resumen": "INEGI announced the UMA values in force from February 1, 2026: 117.31 pesos per day, 3,566.22 per month and 42,794.64 per year. Compared with 2025, the daily value rises 3.69%, while the general minimum wage rose 13.0%.", "impacto_actuarial": "The gap between the minimum wage and the UMA keeps widening: UMA based caps lose real value against wages, which changes the share of insurable salary in long term projections.", "fuente_url": "https://sidof.segob.gob.mx/notas/docFuente/5778072" }, { "id": "cinif-nif-nis-2026", "fecha": "2026-01-01", "autoridad": "CINIF", "ambito": "Accounting", "tipo": "Regulation", "titulo": "NIF 2026 and the 2026 Sustainability Reporting Standards take effect", "resumen": "The NIF 2026 book compiles the standards in force as of January 1, 2026, including the new NIF and the 2026 Improvements to NIF. The NIS 2026 apply to sustainability information for fiscal years beginning on or after January 1, 2026. The body now operates as the Consejo Mexicano de Normas de Información Financiera y de Sostenibilidad (Mexican Financial and Sustainability Reporting Standards Board).", "impacto_actuarial": "The actuary valuing employee benefits under NIF D-3 should check whether any 2026 improvement touches assumptions or disclosures; the NIS open up work on climate and social risk metrics.", "fuente_url": "https://www.cinif.org.mx/normatividad_NIS2026.php" }, { "id": "cinif-mejoras-2027-auscultacion", "fecha": "2026-08-31", "autoridad": "CINIF", "ambito": "Accounting", "tipo": "Consultation", "titulo": "CINIF exposes the 2027 Improvements to NIF for comment", "resumen": "The draft proposes changes to NIF B-7 (business acquisitions), D-1 (revenue), D-4 (income taxes), A-2, C-8, C-9, C-19 and C-20, among others. Comments were accepted until September 30, 2026. NIF D-3, Employee Benefits, is not in the draft.", "impacto_actuarial": "No changes are expected in 2027 for employee benefit liability valuations; the improvements to C-9 (provisions) are of interest to anyone estimating contingencies.", "fuente_url": "https://www.cinif.org.mx/uploads/Auscultacion_Mejoras_NIF_2027.pdf" }, { "id": "ue-directiva-2025-2", "fecha": "2025-01-08", "autoridad": "EU", "ambito": "International", "tipo": "Law/Decree", "titulo": "Directive (EU) 2025/2: Solvency II review", "resumen": "The Directive of November 27, 2024 amends Directive 2009/138/EC on proportionality, quality of supervision, reporting, long term guarantee measures, macroprudential tools, sustainability risks and group supervision. It has been in force since January 28, 2025, and member states must transpose it by January 29, 2027 at the latest.", "impacto_actuarial": "Solvency II is the conceptual reference for the Mexican RCS; changes to the risk margin, rate extrapolation and proportionality anticipate debates that may reach the CUSF.", "fuente_url": "https://eur-lex.europa.eu/eli/dir/2025/2/oj" }, { "id": "eiopa-consultas-sii-2025", "fecha": "2025-10-09", "autoridad": "EIOPA", "ambito": "International", "tipo": "Consultation", "titulo": "EIOPA opens a new set of consultations stemming from the Solvency II review", "resumen": "EIOPA published six consultations on instruments arising from the review of the framework: two revised implementing technical standards, two revised guidelines and new technical standards, among others. They are part of the secondary legislation needed to apply Directive (EU) 2025/2.", "impacto_actuarial": "EIOPA guidelines often anticipate valuation and reporting practices that Latin American supervisors study; useful for following the technical evolution of the risk margin and reporting.", "fuente_url": "https://www.eiopa.europa.eu/eiopa-launches-new-set-consultations-related-solvency-ii-review-2025-10-09_en" }, { "id": "iais-ics-implementacion-2025", "fecha": "2025-07-02", "autoridad": "IAIS", "ambito": "International", "tipo": "Standard", "titulo": "IAIS approves the principles for assessing implementation of the Insurance Capital Standard", "resumen": "The ICS, adopted in December 2024, is the prescribed group level capital requirement for internationally active insurance groups and the quantitative element of ComFrame. The IAIS Executive Committee approved the high level principles that will guide the assessment methodology: jurisdictions will measure their progress with a self assessment questionnaire in 2026, and jurisdictional assessments are expected from 2027 onward.", "impacto_actuarial": "Groups with a presence in Mexico that qualify as IAIGs will face a second group level capital framework, in addition to each subsidiary's local RCS.", "fuente_url": "https://www.iais.org/2025/07/high-level-principles-for-the-development-of-the-ics-implementation-assessment-published/" }, { "id": "naic-ag55-vm2026", "fecha": "2025-08-13", "autoridad": "NAIC", "ambito": "International", "tipo": "Regulation", "titulo": "NAIC adopts Actuarial Guideline LV (AG 55) and the 2026 Valuation Manual with the new economic scenario generator", "resumen": "At its joint meeting of the Executive Committee and Plenary, the NAIC adopted AG 55, which calls for asset adequacy testing on certain life reinsurance treaties. At the same session it approved the amendments to the 2026 Valuation Manual, including APF 2025-04, which implements the economic scenario generator for principle based reserves.", "impacto_actuarial": "It affects reinsurers that assume US life business, including those operating from offshore jurisdictions, and changes the stochastic scenarios for PBR reserves.", "fuente_url": "https://content.naic.org/sites/default/files/national_meeting/01_Minutes-EXPlenary_2.pdf" }, { "id": "iaa-isap1-borrador-2025", "fecha": "2025-09-18", "autoridad": "IAA", "ambito": "Actuarial standards", "tipo": "Consultation", "titulo": "IAA puts the revision of ISAP 1, General Actuarial Practice, out for consultation", "resumen": "The IAA Actuarial Standards Committee published the exposure draft revising ISAP 1 and the glossary, the first revision since 2018. It responds to advances in data science, the use of artificial intelligence, climate risks and their disclosure. Comments were accepted until January 18, 2026.", "impacto_actuarial": "ISAP 1 is the model from which many national standards derive, including CONAC's; its changes signal what will be expected in documentation, model use and communication.", "fuente_url": "https://actuaries.org/app/uploads/2025/09/IAA_TransmittalMemo_ISAP1_Review__ED_18Sept2025.pdf" }, { "id": "iaa-isap8-2025", "fecha": "2025-11-23", "autoridad": "IAA", "ambito": "Actuarial standards", "tipo": "Standard", "titulo": "IAA adopts ISAP 8 for actuarial services related to IFRS S2", "resumen": "The IAA Council adopted ISAP 8 in Marrakech, a model standard for actuaries providing services related to the ISSB's IFRS S2 climate disclosures; it was announced on December 1, 2025. Like every ISAP, it binds no actuary until a national standard setter adopts, adapts or endorses it.", "impacto_actuarial": "It offers a framework for actuarial work on climate scenarios, exposure metrics and physical and transition risk assumptions within sustainability reports.", "fuente_url": "https://actuaries.org/news-post/the-international-actuarial-association-releases-isap-8-on-ifrs-s2-climate-related-disclosures/" }, { "id": "asb-asop-7-20-2026", "fecha": "2026-01-30", "autoridad": "ASB", "ambito": "Actuarial standards", "tipo": "Standard", "titulo": "ASB revises ASOPs 7 and 20 on cash flow analysis, effective June 1, 2026", "resumen": "The US Actuarial Standards Board adopted in December 2025 the revisions of ASOP 7, now Life or Health Cash Flow Analysis, and ASOP 20, now Analysis of Property/Casualty Cash Flows, Including Discounting; it announced them on January 30, 2026. ASOP 20 broadens its scope from discounting loss estimates to any property and casualty cash flow analysis, including premiums and expenses. Both apply to work issued on or after June 1, 2026.", "impacto_actuarial": "They are a frequent reference in Mexico for technical notes, adequacy tests and reserve discounting, especially in groups with a US parent.", "fuente_url": "https://www.actuarialstandardsboard.org/asops/asop-no-20-analysis-of-property-casualty-cash-flows-including-discounting/" }, { "id": "ue-ifrs18-adopcion-2026", "fecha": "2026-02-16", "autoridad": "EU", "ambito": "Accounting", "tipo": "Regulation", "titulo": "The European Union adopts IFRS 18, mandatory from 2027", "resumen": "Commission Regulation (EU) 2026/338 of February 13, 2026 brings IFRS 18, Presentation and Disclosure in Financial Statements, into European law. The IASB issued it for annual periods beginning on or after January 1, 2027, with early application permitted, and it replaces IAS 1.", "impacto_actuarial": "Insurers reporting under IFRS will have to present the new subtotals for operating profit and profit before financing and income taxes, and disclose management defined performance measures, which in insurance are usually derived from the IFRS 17 insurance service result.", "fuente_url": "https://eur-lex.europa.eu/eli/reg/2026/338/oj" }, { "id": "iaa-ian200-2026", "fecha": "2026-09-08", "autoridad": "IAA", "ambito": "Actuarial standards", "tipo": "Standard", "titulo": "IAA publishes International Actuarial Note 200 on applying IFRS S2", "resumen": "IAN 200, prepared by the IAA Climate and Sustainability Committee, complements ISAP 8 with questions and answers and practical examples for actuaries involved in disclosures under IFRS S1 and IFRS S2. It is an educational, non binding document.", "impacto_actuarial": "Useful for teams preparing climate scenario analyses or risk metrics for sustainability reports, including those prepared under CINIF's NIS.", "fuente_url": "https://actuaries.org/news-post/37790-2/" }, { "id": "efrag-ifrs17-cohortes-2026", "fecha": "2026-09-25", "autoridad": "EFRAG", "ambito": "Accounting", "tipo": "Consultation", "titulo": "IFRS 17: EFRAG asks to defer the review of the annual cohort exemption until the IASB post-implementation review", "resumen": "EFRAG recommended that the European Commission postpone the review of the exemption that allows European insurers not to group into annual cohorts contracts with intergenerational mutualization or matched cash flows, which was due by December 31, 2027 at the latest. The reason is that the IASB plans to discuss in the second half of 2026 when to start the post-implementation review of IFRS 17.", "impacto_actuarial": "The post-implementation review will be the first formal opportunity to challenge aspects of IFRS 17 such as the contractual service margin, cohorts and the risk adjustment; it is worth documenting implementation experience now.", "fuente_url": "https://www.efrag.org/en/news-and-calendar/news/efrag-asks-the-european-commission-to-delay-the-ifrs-17-annual-cohort-exemption-review" } ] }