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.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
IAIS standard
ⓘ
insurance supervision standard ⓘ international regulatory standard ⓘ |
| abbreviation | ICPs NERFINISHED ⓘ |
| 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 NERFINISHED ⓘ |
| 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
NERFINISHED
ⓘ
IOSCO Objectives and Principles of Securities Regulation NERFINISHED ⓘ |
| 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 NERFINISHED ⓘ |
| usedBy |
International Monetary Fund
NERFINISHED
ⓘ
World Bank NERFINISHED ⓘ international financial institutions ⓘ national insurance supervisors ⓘ regional supervisory authorities ⓘ |
| usedIn | Financial Sector Assessment Program NERFINISHED ⓘ |
Referenced by (1)
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