Summary

Commences the recapitalisation exercise: insurers and reinsurers must meet the new MCR and applicable risk-based capital framework on or before 30 July 2026. Encumbered assets, assets without perfected title, and assets outside prudential thresholds are inadmissible; all assets subject to Commission verification. Detailed modality guidelines (MCR composition, acceptable capital, verification, computation template) to follow.

Applicability

All licensed insurers and reinsurers.