Insurance Core Principles

E698598

Insurance Core Principles are a globally recognized set of standards that outline the essential elements of effective insurance supervision and regulation.

All labels observed (2)

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Statements (48)

Predicate Object
instanceOf IAIS standard
insurance supervision standard
international regulatory standard
abbreviation ICPs
aimsTo enhance supervisory practices
foster fair, safe and stable insurance markets
support global financial stability
appliesTo insurance regulation
insurance sector
insurance supervisors
characteristic applicable to different legal and market systems
outcome-focused
principles-based
developedBy International Association of Insurance Supervisors
geographicScope global
hasPurpose to contribute to financial stability
to promote effective insurance supervision
to protect policyholders
to provide a globally accepted framework for insurance regulation
includesComponent guidance
standards
relatedTo Basel Core Principles for Effective Banking Supervision
linked to: Basel accords

IOSCO Objectives and Principles of Securities Regulation
scopeIncludes anti-money laundering and combating the financing of terrorism in insurance
capital adequacy and solvency
consumer protection in insurance
corporate governance of insurers
disclosure and transparency by insurers
enforcement and sanctions
group-wide supervision
intermediaries and distribution
macroprudential supervision
market conduct supervision
prudential supervision of insurers
reinsurance and other risk transfer
risk management and internal controls
supervisory cooperation and coordination
supervisory review and reporting
winding-up and exit from the market
targetAudience insurance supervisors and regulators
policymakers in financial regulation
updatedBy International Association of Insurance Supervisors
usedBy International Monetary Fund
World Bank
international financial institutions
national insurance supervisors
regional supervisory authorities
usedIn Financial Sector Assessment Program

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Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

ComFrame basedOn Insurance Core Principles
ComFrame relatedTo Insurance Core Principles
ComFrame relatedTo IAIS Insurance Core Principles (ICPs)
linked to: Insurance Core Principles