The regulatory and supervisory framework in Costa Rica is assessed as having a good overall level of observance of the ICPs.
The IAIS peer review process assesses the standards which apply to insurance supervision in all jurisdictions regardless of the level of development or sophistication of insurance sectors, or the type of insurance products or services being supervised. A total of 80 jurisdictions participated in the PRP, with every IAIS region represented.
The 2025 progress monitoring exercise reviews the progress of 10 jurisdictions assessed in the 2022 TJA, including Canada, China, Hong Kong, France, Germany, Japan, the Netherlands, Switzerland, the United Kingdom, and the United States.
The 2025 TJA report assesses the implementation of Holistic Framework standards across Australia, Bermuda, Italy, Singapore, South Africa, and Spain, focusing on IAIG determination, macroprudential supervision, liquidity risk management and disclosure, as well as crisis management, recovery planning, and resolution frameworks.
This explanatory note on the high-level principles (HLPs) for the ICS implementation assessment methodology aims to provide further context to the foundational elements that will guide the consistent implementation of the Insurance Capital Standard (ICS) across jurisdictions.
The high-level principles (HLPs) for the ICS implementation assessment methodology are a critical step in advancing the ICS from adoption to effective implementation. The HLPs and the associated explanatory text are meant to guide the development of the ICS implementation assessment methodology and may also be considered when finalising the ICS self assessment questionnaire.
The IAIS has published its detailed assessment of regulation and supervision of the insurance sector in the Sultanate of Oman through its Member Assessment Programme (MAP).
