PSI – ITG SUSEP Prudencial
Comply with SUSEP Circular No. 650
ITG module for the Consolidated Prudential Report
PSI – SUSEP Prudential was developed to meet insurers’ demand for efficiency and accuracy in the preparation of the Consolidated Prudential Report, in accordance with SUSEP Circular No. 650. The Consolidated Prudential Report is submitted annually. The solution simplifies the report generation process by offering two input methods: information can be extracted from the accounting system or manually entered into the module for file generation. This ensures that the generated file contains all information required by SUSEP.
Information required in the Consolidated Prudential Report
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Balance Sheet.
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Income Statement.
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Statement of Comprehensive Income.
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Explanatory Notes on the main accounts and operations.
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Reasonable Assurance Report.
About SUSEP Circular No. 650
SUSEP Circular No. 650 establishes the rules and procedures for the preparation and submission of the Consolidated Prudential Report. This requirement is annual and applies to insurance companies, capitalization companies, local reinsurers, and open supplementary pension entities (EAPCs) established in Brazil and authorized to operate by SUSEP.
The main objective of this regulation is to reduce the likelihood of insolvency events in the insurance sector, protecting policyholders, the insurance market, and the financial system as a whole.