ICS 2023 public consultation Resolution of comments
This document offers comprehensive responses to public comments received during the 2023 public consultation on the ICS.
5 Dec 2024
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5 Dec 2024
ICS calibration document
The ICS calibration document provides explanations on the calculation of the different ICS risk charges and their aggregation. Detailed information is made available for all risk modules within Insurance risks, Market risks, Credit risk and Operational risk, as well as for correlation matrices used for aggregating risk charges.
5 Dec 2024
ICS Level 1 and Level 2 texts
The ICS provides a globally comparable risk-based measure of capital adequacy specifically tailored to internationally active insurance groups and forms the quantitative element of ComFrame. The specifics of the ICS have been adopted in two documents, the Level 1 document, setting out the overarching principles and concepts of the ICS, and the Level 2 document providing detailed specifications.
3 Dec 2024
Global Insurance Market Report 2024
The Global Insurance Market Report (GIMAR) 2024 presents outcomes of the Global Monitoring Exercise (GME), the IAIS’ framework for monitoring risks and trends in the global insurance sector and assessing the possible build-up of systemic risk. In addition to an aggregate overview of insurers’ solvency, profitability and liquidity, the report shares in-depth analyses conducted on two key themes: (1) key risks in the current macroeconomic environment; and (2) structural shifts in the life insurance sector, including greater allocation of capital to alternative assets and increased use on cross-border asset-intensive reinsurance.
14 Nov 2024
IAIS Executive Committee approves Insurance Capital Standard for adoption by IAIS members and concludes Aggregation Method comparability assessment
The IAIS Executive Committee has approved the final version of the global Insurance Capital Standard (ICS) as a prescribed capital requirement for internationally active insurance groups (IAIGs). The IAIS Executive Committee has also finalised the comparability assessment of the United States (US)-developed Aggregation Method (AM), concluding that a US AM provides a basis for implementation […]
14 Nov 2024
FAQ on ICS and AM comparability assessment
This document provides answers to frequently asked questions about the ICS and the Report on Aggregation Method comparability assessment as of November 2024.