The Application Paper supports supervisors’ implementation of ICP 19 (Conduct of Business) to secure fair treatment for a wide range of consumers.
The Application Paper reinforces the importance of the Insurance Core Principles (ICPs), outlining how existing expectations around governance and conduct remain essential considerations for insurers using artificial intelligence.
Public consultation feedback is invited by 29 September 2025. The paper includes objectives and a toolkit to promote insurance sector operational resilience.
The Application Paper provides a high-level framework together with practical examples to meet the Insurance Core Principles related to operational resilience.
This document contains examples and explanatory text aimed to facilitate the understanding and implementation of the Insurance Capital Standard (ICS). Its content originates from the 2024 ICS data collection technical specifications, and should be read in conjunction with the ICS Level 1 and Level 2 texts. To facilitate that joint reading, the numbering of sections and subsections of this document follows the same structure as the ICS Level 1 and Level 2 texts.
Public consultation feedback is invited by 27 June 2024 on draft revisions to supervisory material related to the Holistic Framework in ICPs 12 and 16 and related ComFrame standards, including on recovery, resolution and liquidity risk and counterparty risk management.