In Focus

At its Annual General meeting held in October 2011 in Seoul (South Korea), the International Association of Insurance Supervisors (IAIS) announced the adoption of revisions to the IAIS Insurance Core Principles, Standards, Guidance and Assessment Methodology (ICP).

The new set of ICPs is based on developments in insurance markets and supervision since the last revision in 2003. It takes into account experience gained from the FSAP assessments as well as recommendations issued by the G20 Finance Ministers and Central Bank Governors and the Financial Stability Board. The principles and the standards of ICP 18 and 19 are of particular importance for the insurance intermediation sector.

The complete revised text