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.
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 […]
This document provides answers to frequently asked questions about the ICS and the Report on Aggregation Method comparability assessment as of November 2024.
The IAIS published today the 2024 ICS data collection package for the final year of the monitoring period and announced its high-level plans for ICS implementation.
