ICS
E698601
ICS is a global risk-based insurance capital standard developed under the auspices of the International Association of Insurance Supervisors to assess the financial soundness of internationally active insurance groups.
Statements (45)
| Predicate | Object |
|---|---|
| instanceOf | insurance capital standard ⓘ |
| abbreviationOf | Insurance Capital Standard NERFINISHED ⓘ |
| acronym | ICS ⓘ |
| appliesTo | internationally active insurance groups ⓘ |
| associatedOrganization | IAIS NERFINISHED ⓘ |
| basis | risk-based approach ⓘ |
| calibrationGoal | target level of solvency for insurance groups ⓘ |
| capitalDefinition | qualifying capital resources ⓘ |
| developedBy | International Association of Insurance Supervisors NERFINISHED ⓘ |
| financialStabilityRole | macroprudential oversight support ⓘ |
| focus |
capital adequacy
ⓘ
comparability of capital requirements ⓘ risk sensitivity ⓘ |
| fullName | Insurance Capital Standard NERFINISHED ⓘ |
| geographicalCoverage | international ⓘ |
| measurementPerspective | group-wide consolidated basis ⓘ |
| methodologyType | risk-based capital standard ⓘ |
| objective |
limit regulatory arbitrage in insurance capital requirements
ⓘ
provide a common language for supervisory discussions on capital ⓘ support consistent supervisory outcomes for insurance groups ⓘ |
| policyGoal |
enhance transparency of capital adequacy assessments
ⓘ
protect policyholders and beneficiaries through adequate capital ⓘ support a level playing field among insurance groups ⓘ |
| purpose |
assess financial soundness of internationally active insurance groups
ⓘ
enhance global insurance sector stability ⓘ promote comparability of capital adequacy across insurance groups ⓘ |
| regulatoryDomain |
insurance supervision
ⓘ
prudential regulation ⓘ |
| regulatoryUse | group-wide supervision of internationally active insurance groups ⓘ |
| relatedStandard | ComFrame NERFINISHED ⓘ |
| relatedTo |
global insurance regulatory framework
ⓘ
group-wide capital adequacy assessment ⓘ |
| riskCoverage |
credit risk
ⓘ
market risk ⓘ operational risk ⓘ other material risks to insurance groups ⓘ underwriting risk ⓘ |
| scope | global ⓘ |
| sector | insurance ⓘ |
| stakeholder |
global financial stability authorities
ⓘ
insurance supervisors ⓘ internationally active insurance groups ⓘ |
| targetEntityType |
insurance group
ⓘ
internationally active insurance group ⓘ |
| underAuspicesOf | International Association of Insurance Supervisors NERFINISHED ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.