IAIS Insurance Core Principles (ICPs)
ICP 2: Supervisor – IAIS Insurance Core Principles (ICPs)

IAIS Insurance Core Principles (ICPs) 2.11: Outsourced supervisory work: expectations set, performance monitored, independence and confidentiality assured

What does 2.11 require?

Where supervisory activities are outsourced, the supervisor sets expectations for the third party's role and work, monitors its performance, ensures its independence from the supervised entity and related parties, and binds it to the same confidentiality rules and professional standards as its own staff.

Maintained by Gerard BlokdykControl text last updated

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