IAIS Insurance Core Principles (ICPs)
ICP 16: Enterprise risk management for solvency purposes – IAIS Insurance Core Principles (ICPs)

IAIS Insurance Core Principles (ICPs) 16.7: An underwriting policy: risk within appetite, nature of risks including macroeconomic links, interaction with reinsurance and pricing

What does 16.7 require?

The ERM framework must include an underwriting policy addressing underwriting risk according to the risk appetite and limits, the nature of the risks underwritten including any material relationship with macroeconomic conditions, and how the underwriting strategy interacts with reinsurance strategy and pricing.

Maintained by Gerard BlokdykControl text last updated

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