meta_id 3170085

On May 20, 2026, the Central Bank of Iceland (Seðlabanki Íslands) issued Regulation 509/2026 establishing rules for calculating insurance debt and core capital adequacy with reference dates from December 31, 2025 to March 30, 2026. The regulation sets out the methodology for calculating solvency capital requirements and core capital (kjarnagjaldþoli) for insurance undertakings operating in Iceland. These calculations determine the minimum capital that insurers must maintain to ensure financial stability and protect policyholders. The regulation applies to all insurance entities subject to the Insurance Business Act (100/2016), establishing uniform standards for solvency assessments during the specified reference period. The regulation provides a standardised framework for insurers to compute their capital requirements, ensuring consistency across the sector and enabling the Central Bank of Iceland to monitor systemic risks within the insurance market. This aligns with international prudential standards for insurance supervision and supports the regulator's oversight function. Insurers must apply these calculation rules for all solvency assessments conducted with reference dates between December 31, 2025 and March 30, 2026. The regulation is effective immediately upon publication and remains in force through the specified reference period. **Reference:** Central Bank of Iceland Regulation 509/2026 on Insurance Solvency Capital and Core Capital Adequacy Calculations