17 Oct 2023 in Latest news

IAIS begins the AM comparability assessment

The IAIS has begun its assessment of whether the Aggregation Method (AM) being developed by the United States provides comparable outcomes to the global Insurance Capital Standard (ICS), and if so, will be considered an outcome-equivalent approach for implementation of the ICS as a prescribed capital requirement (PCR). The assessment is proceeding in line with […]

23 Jun 2023 in Consultations

Public Consultation on Insurance Capital Standard as a Prescribed Capital Requirement

The consultation closed on 21 September 2023. Background information The purpose of this public consultation is to solicit feedback from stakeholders on the global Insurance Capital Standard (ICS) ahead of its adoption as a group Prescribed Capital Requirement (PCR) for Internationally Active Insurance Groups (IAIGs) at year-end 2024. The consultation document presents the ICS as […]