IAIS Insurance Core Principles (ICPs) 16.9: As necessary: liquidity stress testing, a portfolio of unencumbered liquid assets, a contingency funding plan and a liquidity report to the supervisor

What does 16.9 require?

Where necessary the insurer must establish more detailed liquidity risk management processes within its ERM framework, including liquidity stress testing, a portfolio of unencumbered highly liquid assets in appropriate locations, a contingency funding plan, and a liquidity risk management report submitted to the supervisor.