IAIS Insurance Core Principles (ICPs)

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

IAIS Insurance Core Principles (ICPs) 16.8: Liquidity risk addressed with strategies to meet liabilities in normal and stressed conditions

What does 16.8 require?

The ERM framework must address liquidity risk and contain strategies, policies and processes to maintain adequate liquidity to meet liabilities as they fall due under normal and stressed conditions.

Maintained by Gerard BlokdykControl text last updated 21 May 2026

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

16.1 16.1 ERM identifies all reasonably foreseeable material risks and their interdependencies
16.10 16.10 A regular own risk and solvency assessment (ORSA)
16.11 16.11 Board and Senior Management responsible for the ORSA
16.12 16.12 ORSA scope: all material risks, the link between risk and financial resources, and where necessary macroeconomic and counterparty stress
16.13 16.13 ORSA determines needed financial resources; risk actions consider economic and regulatory capital; capital quality and adequacy assessed
16.14 16.14 Continuity analysis over a longer horizon with projections of future financial position and capital compliance
16.15 16.15 Recovery planning: options evaluated in advance; regular assessment of who needs a plan; plans for systemic or critical insurers kept current
16.16 16.16 Supervisory review of the ERM framework and ORSA, with strengthening required where necessary

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The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.

MCP endpoint All IAIS Insurance Core Principles (ICPs) controls