IAIS Insurance Core Principles (ICPs)
ICP 8: Risk management and internal controls – IAIS Insurance Core Principles (ICPs)

IAIS Insurance Core Principles (ICPs) 8.1: 8.1 A documented risk management system: risk appetite strategy, risk policy for every material risk, timely response to profile changes

The insurer must establish and operate within an effective, documented risk management system that includes at least a risk management strategy defining its risk appetite, a risk management policy setting out how all material risks are managed within that appetite, and the ability to respond to changes in its risk profile in a timely way.

Maintained by Gerard BlokdykControl text last updated

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