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Argentina: New rules require insurers to increase portion of capital invested in projects

February 14, 2014 - 6:00am

Argentina's insurance watchdog has released new regulations that require insurers to increase the share of capital they ought to invest in government-authorized infrastructure projects, reports BNamericas.

The rules were issued under the Inciso K measure, established in October 2012 to push insurers to invest more than 7 billion Argentine pesos ($896 million) in infrastructure and production developments. The new updates raise the minimum investment as a portion of funds by an additional ARS 5.7 billion, BNamericas reported citing regional media reports.

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