Final version of the Application Paper on operational resilience objectives and toolkit published

The IAIS today published the final version of its Application Paper on operational resilience objectives and toolkit, following consultations in 2024 and 2025.

The Insurance Core Principles (ICPs) establish the importance of insurers having effective risk and governance processes to manage all risks. The Application Paper supports supervisors and insurers in understanding how to assess and address operational resilience in light of the ICP risk management and other relevant requirements.

The Application Paper consists of the operational resilience objectives (the objectives) and supporting practices and tools (the toolkit). The first component, the objectives, provides the basis for a high-level framework for meeting the ICPs, while the second component, the toolkit, provides supervisors with practical implementation approaches.

The Application Paper covers three overarching objectives with the following themes:

• The relationship between operational resilience, governance and operational risk management.
• The key elements of a sound approach to operational resilience. Here the paper shares a wide variety of practices adopted by supervisors for the key elements of operational resilience regimes.
• Specific objectives for insurance supervisors. It highlights guidance for insurance supervisors, including coordination with supervisory authorities, transparent stakeholder communication and fostering a culture of continuous improvement and learning in operational resilience.

A public discussion webinar will be held via webinar on 19 February 2026 at 13:00-14:00 CET to present the Application Paper on operational resilience objectives and toolkit and answer questions from stakeholders. Click here for details and registration.

In addition to this public webinar, we have dedicated webinars for IAIS Members only, to support supervisors in their understanding of the Application Paper on operational resilience objectives and toolkit. Registration is now open:

10 March, 13:00-14:00 (CET) Register now.

• Objective 1 – The relationship between operational resilience, governance and operational risk management
• Objective 2 – Key elements of a sound approach to operational resilience

23 April, 13:00-14:00 (CET) Register now.

• Objective 3 – Objectives for insurance supervisors

Full details on the paper, the public consultation comments received and the IAIS’ responses are available here.