Insurance Capital Standard
Adopted in 2024, the Insurance Capital Standard (ICS) is a globally comparable risk-based measure of capital adequacy for Internationally Active Insurance Groups (IAIGs). It forms the quantitative element of the Common Framework for the Supervision of IAIGs (ComFrame).
The purpose of the ICS is to create a common language for supervisory discussions of group solvency to enhance global convergence among group capital standards.
The interactive ICS online tool provides an easy-to-access, comprehensive compendium of the ICS Level 1 and Level 2 texts, together with explanatory content and examples to help IAIS members navigate the standard and its implementation. To access the ICS online tool, click here.
ICS Explained
In this video series, we aim to enhance understanding of the key features of the ICS – the global group capital standard for IAIGs – and raise awareness of its benefits for both supervisors, insurance groups and policyholders. We highlight how the ICS promotes consistency, comparability and stability in the global insurance market.
The case for a global ICS
Five million data points – the making of the ICS
After ICS adoption – 2025 onwards
Whether you are an insurance professional, a supervisor or policymaker, or someone with a keen interest in the industry, this series of three 5-minute videos will provide valuable insights into the world of international insurance regulation. Join us on this journey as we uncover the key aspects and implications of the ICS.