IAIS Insurance Core Principles (ICPs) 2.4: Internal governance that preserves integrity and enables accountability

What does 2.4 require?

The supervisor has effective internal governance structures, processes and procedures that preserve the integrity of its actions and decisions and let it account to its stakeholders.

Maintained by Gerard BlokdykControl text last updated 21 May 2026

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

2.1 2.1 Operational independence from government and industry
2.10 2.10 Sufficient human, technological and financial resources
2.11 2.11 Outsourced supervisory work: expectations set, performance monitored, independence and confidentiality assured
2.2 2.2 Legal protection for the supervisor and its staff acting in good faith
2.3 2.3 Transparent appointment and dismissal of the supervisor's head and governing body
2.5 2.5 Consistent and equitable application of requirements
2.6 2.6 Appeal processes that do not impede timely intervention
2.7 2.7 Statutory duty to protect confidential information

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MCP endpoint All IAIS Insurance Core Principles (ICPs) controls