Peru's SBS Regulates Parametric Insurance

Peru's Superintendency of Banking, Insurance and AFPs published Resolution SBS No. 02260-2026, which regulates parametric insurance and takes effect the day after its publication in El Peruano. The rule says the parameters used must be measurable, objective, verifiable and independent, and they must also maintain a meaningful link to the damage or losses covered.

What does SBS-regulated parametric insurance cover?

According to El Peruano, these policies are intended exclusively for risks arising from natural phenomena, including meteorological, climatological, geological, geophysical and oceanographic events. That scope excludes other types of contingencies and focuses the instrument on natural events that can trigger payments based on pre-defined parameters.

Who can buy them?

El Peruano said parametric insurance may be contracted by public entities and by private legal entities or organizations with the institutional capacity to assess, contract and manage these coverages, as long as an insurable interest exists. The reference to institutional capacity indicates that this is not an open coverage for any actor, but for entities able to manage this type of mechanism.

What other regulatory signals emerged in Peru this week?

In parallel, the Ministry of Economy and Finance approved the full set of International Financial Reporting Standards version 2026 through Resolution No. 003-2026-EF/30. In addition, coverage by La República said September 10 marked the first mandatory compliance deadline for the Regulation of the AI Law, D.S. No. 115-2025-PCM, for five strategic sectors, including finance.

That same coverage broadened the scope and said the deadline applied to health, education, justice, finance and security. As additional context, Andina compiled the September 9 regulatory calendar and noted that relevant legal rules were released that day in Peru, during a week of heavy regulatory activity.

Actualidad Civil also confirmed that Resolution SBS No. 02260-2026 takes effect the day after its publication in El Peruano. Taken together, the week's regulatory moves touched finance, the use of artificial intelligence and the country's accounting framework.