2 Jul 2025

2 Jul 2025 in Latest news

High-level principles for the development of the ICS implementation assessment published

The Executive Committee of the International Association of Insurance Supervisors (IAIS) has agreed the high-level principles (HLPs) for the development of the Insurance Capital Standard (ICS) implementation assessment methodology. Adopted in December 2024, the ICS provides a globally comparable, risk-based measure of capital adequacy for internationally active insurance groups (IAIGs) and forms the quantitative element […]

2 Jul 2025

2 Jul 2025 in Other supervisory notes and reports

Explanatory note on the high-level principles for the development of the ICS implementation assessment methodology

This explanatory note on the high-level principles (HLPs) for the ICS implementation assessment methodology aims to provide further context to the foundational elements that will guide the consistent implementation of the Insurance Capital Standard (ICS) across jurisdictions.

2 Jul 2025

2 Jul 2025 in Other supervisory notes and reports

High-level principles for the development of the ICS implementation assessment methodology

The high-level principles (HLPs) for the ICS implementation assessment methodology are a critical step in advancing the ICS from adoption to effective implementation. The HLPs and the associated explanatory text are meant to guide the development of the ICS implementation assessment methodology and may also be considered when finalising the ICS self assessment questionnaire.

27 Jun 2025

27 Jun 2025 in Other supervisory notes and reports, Supervisory and supporting material

Technical note – Explanatory text and examples on ICS

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.

5 Dec 2024

5 Dec 2024 in Latest news, Press releases

IAIS adopts Insurance Capital Standard and other enhancements to its global standards to promote a resilient insurance sector

At its AGM today, the IAIS adopted the first comprehensive global capital standard for insurance supervision, the ICS, and also adopted important updates to existing qualitative global standards for insurance supervision, the ICPs and ComFrame, related to climate risk, recovery and resolution, and valuation and capital adequacy.

5 Dec 2024

5 Dec 2024 in Consultations

Resolution of consultation comments on ICPs 14 and 17

5 Dec 2024

5 Dec 2024 in Consultations

ICP 14 and 17 related glossary terms

5 Dec 2024

5 Dec 2024 in Other supervisory notes and reports

ICS economic impact assessment report

The ICS Economic Impact Assessment report, conducted ahead of the actual implementation of the ICS as a Prescribed Capital Requirement for IAIGs, is qualitative and delves into potential effects of the implementation of the ICS across jurisdictions, evaluating impacts on insurance products, investment policies, capital, and business models, assuming consistent implementation of ICS specifications.

5 Dec 2024

5 Dec 2024 in Consultations

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

5 Dec 2024 in Other supervisory notes and reports

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.