Order ECM/534/2026 authorises ASISA to expand its insurance activities to include fire and natural elements (line 8) and miscellaneous pecuniary losses (line 16), in accordance with the classification under Law 20/2015. The authorisation is granted following verification of compliance with the solvency and regulatory requirements set out in Royal Decree 1060/2015. The entity will be subject to special monitoring during its first three financial years of activity in these lines.
For ASISA, this resolution allows for the diversification of its product portfolio into property and natural elements insurance. The Directorate General of Insurance and Pension Funds will exercise enhanced supervision, requiring annual monitoring reports during the first three financial years of activity to protect policyholders and insured parties (Art. Three). Any substantial modification to the authorised coverages or conditions must be mandatorily reported to the Directorate General of Insurance and Pension Funds.
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