This report provides the aggregate assessment results and observations from the IAIS Peer Review Process (PRP) on the thematic topic: Mandate for Supervisors and Supervisory Powers. The PRP covered the IAIS Insurance Core Principles (ICP) 1 (Objectives, Powers and Responsibilities of the Supervisor) and ICP 2 (Supervisor) adopted in October 2011.
The assessment questionnaire was developed by the PRP Expert Team and consisted of 51 questions covering the 4 standards of ICP 1, 13 standards of ICP 2.