It is made up of 21 countries, 19 Latin American countries as full members and 2 adherent members, Spain and Portugal.
In 1979, the Statute for the creation of ASSAL was approved in the city of Buenos Aires, Argentina; however, this initiative did not become a reality until 1991, in the II Assembly, in which 18 Latin American countries participated.
In 2009 ASSAL obtained legal personality under Chilean law, whose legal name is Association of Insurance Supervisors of Latin America Corporation, ASSAL.
ASSAL's objectives include the following
The exchange of information on insurance and reinsurance legislation, control methods, market characteristics, and operating systems in each country.
Recolectar y difundir información
técnica y estadística.
Promover las actividades
de cooperación.
Analizar el desenvolvimiento
del reaseguro en la región.
Incentivar programas regionales en materia
de educación de seguros y reaseguros.
Armonizar las políticas
y mecanismos de supervisión.
Transmitir las experiencias registradas en los países miembros respecto a temas específicos de la industria aseguradora.
