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.
The IAIS Insurance Core Principles (ICPs) form the globally accepted framework for insurance supervision. ComFrame builds on the ICPs and sets out requirements focusing on the group-wide supervision of IAIGs. Together these support the protection of policyholders and promote the stability of the global financial system.