The IAIS published today the 2024 ICS data collection package for the final year of the monitoring period and announced its high-level plans for ICS implementation.
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 […]
This document provides an overview on the Aggregation Method comparability assessment which is being undertaken by a team of technical experts within the IAIS Secretariat.
The 2023 Insurance Capital Standard (ICS) and Aggregation Method (AM) data collection packages are now available on the IAIS website. The 2023 ICS data collection includes both ICS version 2.0 and the candidate ICS as a prescribed capital requirement (PCR), thereby enabling the IAIS to distinguish the impact of policy changes versus changing macroeconomic conditions. […]