Argentina: New rules require insurers to increase portion of capital invested in projects
Posted On: Feb. 14, 2014 12:00 AM CSTArgentina'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.