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.
This report provides the aggregate assessment results and observations from the IAIS peer review process (PRP) on the topic of “Reinsurance and other forms of risk transfer” covering standards set out in Insurance Core Principle 13 as adopted in November 2017.
The IAIS has issued two publications today: 1) The report of the 2025 Targeted Jurisdictional Assessment (TJA) evaluating six jurisdictions supervising 10 Internationally Active Insurance Groups (IAIGs); and 2) A report on progress made by the 10 original jurisdictions in addressing implementation gaps identified in the 2022 TJA.
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.
The IAIS has launched for public consultation ComFrame material for ICS-related supervisory reporting and public disclosure standards.
