Standard setting activities

The IAIS is the global standard setter for insurance supervision. As such, the IAIS develops supervisory material for effective supervision of insurance-related activities. Notably, the IAIS has developed the Insurance Core Principles (ICPs) and the Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame). The ICPs apply to the supervision of all insurers. ComFrame builds on the ICPs and establishes supervisory minimum requirements  focusing on the effective group-wide supervision of Internationally Active Insurance Groups (IAIGs). As part of ComFrame, the IAIS is developing the Insurance Capital Standard (ICS) as a consolidated group-wide capital standard for IAIGs.