pc
nid 91380
Mar 19, 2026
adavies@vixio.com
Iceland
All regulations, laws, and circulars
financial services
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1201 charsIceland's Central Bank Issues Rules on Insurance Solvency and Core Capital Calculations
On March 3, 2026, Seðlabanki Íslands (Central Bank of Iceland) issued Rules 255/2026 regarding the calculation of insurance debt and core capital adequacy with reference dates from September 30, 2025 to December 30, 2025.
The rules establish calculation methodologies for insurance solvency requirements and core capital (kjarnagjaldþoli) for the specified reference period. These regulations apply to insurance undertakings operating in Iceland and form part of the regulatory framework governing insurance operations. The rules are issued under the authority of the Insurance Business Act (Act 100/2016) and represent the Central Bank of Iceland's implementation of solvency calculation requirements for the fourth quarter of 2025.
The rules are effective immediately and apply to the reference period from September 30, 2025 through December 30, 2025. Insurance undertakings must apply these calculation methodologies when determining their solvency positions and core capital adequacy for the specified period. The full text of Rules 255/2026 is available on the Stjórnartíðindi (Official Gazette of Iceland) website.
**REFERENCE:**
Seðlabanki Íslands (Central Bank of Iceland) – Rules 255/2026
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1201 charsIceland's Central Bank Issues Rules on Insurance Solvency and Core Capital Calculations
On March 3, 2026, Seðlabanki Íslands (Central Bank of Iceland) issued Rules 255/2026 regarding the calculation of insurance debt and core capital adequacy with reference dates from September 30, 2025 to December 30, 2025.
The rules establish calculation methodologies for insurance solvency requirements and core capital (kjarnagjaldþoli) for the specified reference period. These regulations apply to insurance undertakings operating in Iceland and form part of the regulatory framework governing insurance operations. The rules are issued under the authority of the Insurance Business Act (Act 100/2016) and represent the Central Bank of Iceland's implementation of solvency calculation requirements for the fourth quarter of 2025.
The rules are effective immediately and apply to the reference period from September 30, 2025 through December 30, 2025. Insurance undertakings must apply these calculation methodologies when determining their solvency positions and core capital adequacy for the specified period. The full text of Rules 255/2026 is available on the Stjórnartíðindi (Official Gazette of Iceland) website.
**REFERENCE:**
Seðlabanki Íslands (Central Bank of Iceland) – Rules 255/2026