Aspirations and realities: Gauging the impact of the ICS on capital management

This is the second in our series of perspectives looking at the implications of the planned new risk-based International Capital Standard (ICS) being developed by the International Association of Insurance Supervisors (IAIS) for global systemically important insurers (G-SIIs) and a broader group of internationally active insurance groups (IAIGs).

The IAIS has set ambitious goals for the ICS (Principles 1-104) as it looks to strengthen policyholder protection, financial stability worldwide and introduce a globally comparable risk-based measure of capital adequacy. So if a new ICS is coming, what is the likely impact? In this paper, we look at how much will change and how this will affect capital management within your business.

Contact us

Mark Train
Global Insurance Risk Leader, PwC UK
Tel: +44 (0)207 804 6279

Ellen Walsh
Partner - PwC (US)
Tel: +1 (646) 471 7274

Ed Barron
Tel: +44 (0) 207 213 3398

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