CMF is once more extending the ban on Kongsegur Ensures and Credit score Insurance coverage – La Tercera

The Fee for the Monetary Market (CMF) determined. extension of the executive suspension for one more six months from the corporate Kongsegur Ensures and Credit score Insurance coverage. That is after finishing the six months of the yr advance growth reported by the establishment on the finish of final December.

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The CMF pointed that out once more non-compliance results in indicators of launch by the corporate, which is why it was suspended from advertising and marketing insurance coverage within the first place December 2, 2022.

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For this identical purpose, the establishment selected January 5, 2023 to call Robert Rivas Carrillo because the administrator of the corporate. The president of the CMF, Solange Berstein, determined this Monday to increase Rivas’ appointment once more, additionally for one more six months.

These selections had been made, as reported by Rivas within the final important reality issued by the corporate, to guard policyholders and the market normally in opposition to the monetary scenario tough

In the identical doc he stated that Konsegur “on the finish of April 2024, the Firm introduced its Funding deficit represents technical reserves and threat property within the quantity of $17,110 million; Internet fairness deficit over Danger Fairness of $26,566 million. This case meant that the Firm reported detrimental Internet Fairness of $14,257 million and detrimental Accounting Fairness of $14,254 million.”