FAQ on ICS and AM comparability assessment
This document provides answers to frequently asked questions about the ICS and the Report on Aggregation Method comparability assessment as of November 2024.
14 Nov 2024
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24 Oct 2024
IAIS publishes aggregate report on the peer review process on ICP 16 (Enterprise Risk Management for Solvency Purposes)
The IAIS has published the aggregate assessment results and observations on the topic of “Enterprise Risk Management for Solvency Purposes”, covering standards set out in Insurance Core Principle (ICP) 16. The peer review process (PRP) assesses the standards which apply to insurance supervision in all jurisdictions regardless of the level of development or sophistication of […]
24 Oct 2024
PRP Questionnaire – ICP 16
The assessment questionnaire was developed by the PRP expert team and consisted of 65 questions in total, covering the sixteen standards applicable to ICP 16.
24 Oct 2024
Aggregate Report of Peer Review of Enterprise Risk Management for Solvency Purposes relative to ICP 16
This report provides the aggregate assessment results and observations from the IAIS peer review process (PRP) on the topic of “Enterprise Risk Management for Solvency Purposes” covering standards set out in Insurance Core Principle (ICP) 16
as adopted in November 2019.
11 Jul 2023
Detailed assessment of observance of the IAIS Insurance Core Principles in Albania
The IAIS has published a detailed assessment of observance of the IAIS Insurance Core Principles (ICPs) in Albania through its Member Assessment Programme (MAP). The regulatory and supervisory framework of Albania is assessed as having a high level of observance of the ICPs. A large majority of the ICPs are assessed as either Observed or […]
11 Jul 2023
Assessment Report MAP Albania 2022-2023
The MAP Albania report is a detailed assessment of regulation and supervision of the insurance sector in Albania. To inform the assessment, meetings were held in Tirana with the Albanian Financial Supervisory Authority, government officials, industry (insurers and intermediaries) and industry associations and professional bodies. The report contains the details of the assessment of the observance levels of the ICPs as well as distinct recommendations to improve observance levels of ICPs. It also includes the authority’s response to the assessment as well as an institutional and market overview. The regulatory and supervisory framework of Albania is assessed as having a high level of observance of the ICPs. A large majority of the ICPs are assessed as either Observed or Largely Observed.
4 Apr 2023
IAIS publishes report assessing implementation of the Holistic Framework insurance standards in ten major markets
The targeted jurisdictional assessment (TJA) shows an overall consistent and strong implementation of the Holistic Framework standards.
14 Mar 2023
Aggregate Report of Peer Review of Supervisory Review and Measures relative to ICPs 9 and 10
This report provides the aggregate assessments results and observations from the IAIS Peer Review Process (PRP) on the thematic topic of “Supervisory Review and Measures”, which relates to Insurance Core Principles (ICPs) on Supervisory Review and Reporting (ICP 9) and Preventive Measures, Corrective Measures and Sanctions (ICP 10) as adopted in November 2019.