The IAIS has published the aggregate assessment results and observations on the topic of “Enterprise Risk Management for Solvency Purposes”, covering standards set out in Insurance Core Principle (ICP) 16. The peer review process (PRP) assesses the standards which apply to insurance supervision in all jurisdictions regardless of the level of development or sophistication of […]
The assessment questionnaire was developed by the PRP expert team and consisted of 65 questions in total, covering the sixteen standards applicable to ICP 16.
This report provides the aggregate assessment results and observations from the IAIS peer review process (PRP) on the topic of “Enterprise Risk Management for Solvency Purposes” covering standards set out in Insurance Core Principle (ICP) 16
as adopted in November 2019.
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.
Public consultation feedback is invited by 19 June 2024 on our third public consultation on climate risk, which covers issues relating to corporate governance, risk management and internal controls, valuation, investment policy and enterprise risk management.