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.
Public consultation feedback is invited by 11 October 2024 on the first phase of the draft Application Paper on Operational Resilience Objectives [and Toolkit]. This first phase sets out outcome-based objectives for operational resilience, which aim to provide a sound and consistent foundation to support supervisory authorities in their oversight of insurance sector operational resilience.
Public consultation feedback is invited by 28 October 2024 on part four of the public consultation on climate risk supervisory guidance, which includes material on supervisory reporting, public disclosures, macroprudential supervision and group-wide supervision.
Public consultation feedback is invited by 27 June 2024 on draft revisions to supervisory material related to the Holistic Framework in ICPs 12 and 16 and related ComFrame standards, including on recovery, resolution and liquidity risk and counterparty risk management.
Public consultation feedback is invited by 19 June 2024 on our third public consultation on climate risk, which covers issues relating to corporate governance, risk management and internal controls, valuation, investment policy and enterprise risk management.
