For IAIGs (premiums in three or more countries, at least 10% written abroad, and on a three-year average assets of 50 billion dollars or premiums of 10 billion), drawing on the IAIS ComFrame: file an aggregated Summary Report at the head of the IAIG; have the IAIG board approve the risk management strategy and receive risk reports regularly; integrate the framework with the group structure so exposures are measured against limits continuously, covering diversity and reach of activities, entity and business-line risks, aggregation, interconnectedness, information systems and applicable laws; promote risk culture through training, independence and incentives; review the framework yearly and have it independently reviewed at least every three years; explain the roles of the risk, actuarial and internal audit functions and the independence of risk management; track significant intra-group transactions; run an economic capital model showing economic and regulatory capital at the head and discussing fungibility; apply stress, reverse stress and scenario tests, balance sheet macro stress and investment counterparty exposure measures with a counterparty appetite; manage liquidity with an appetite and limits, policies, stress tests, unencumbered liquid assets and contingency funding; and summarise recovery triggers and options where a recovery plan is required.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.