IAIS Insurance Core Principles (ICPs)
The International Association of Insurance Supervisors (IAIS) Insurance Core Principles (ICPs) provide a globally accepted framework for the supervision of the insurance sector. The 26 ICPs cover licensing, governance, risk management, conduct of business, group supervision, and cross-border cooperation. They serve as the benchmark for insurance regulation globally and are assessed by the IMF and World Bank as part of Financial Sector Assessment Programs (FSAPs).
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Framework Domains (22)
Authorization
| Code | Title |
|---|---|
| ICP4 | Licensing |
| ICP6 | Changes in Control and Portfolio Transfers |
Conduct
| Code | Title |
|---|---|
| ICP18 | Intermediaries |
| ICP19 | Conduct of Business |
Cooperation
| Code | Title |
|---|---|
| ICP3 | Information Exchange and Confidentiality |
Corporate Governance and Risk Management
| Code | Title |
|---|---|
| ICP-7 | Corporate Governance |
| ICP-8 | Risk Management and Internal Controls |
| ICP-9 | Supervisory Review and Reporting |
Disclosure
| Code | Title |
|---|---|
| ICP20 | Public Disclosure |
Enforcement
| Code | Title |
|---|---|
| ICP10 | Preventive Measures, Corrective Measures and Sanctions |
Financial
| Code | Title |
|---|---|
| ICP14 | Valuation |
| ICP15 | Investments |
| ICP17 | Capital Adequacy |
Financial Crime
| Code | Title |
|---|---|
| ICP21 | Countering Fraud in Insurance |
| ICP22 | Anti Money Laundering and Combating the Financing of Terrorism |
Financial Integrity and Group Supervision
| Code | Title |
|---|---|
| ICP-21 | Countering Fraud in Insurance |
| ICP-22 | Anti-Money Laundering and Combating the Financing of Terrorism |
| ICP-23 | Group-wide Supervision |
| ICP-24 | Macroprudential Surveillance and Insurance Supervision |
| ICP-25 | Supervisory Cooperation and Coordination |
Financial Soundness
| Code | Title |
|---|---|
| ICP-13 | Reinsurance and Other Forms of Risk Transfer |
| ICP-14 | Valuation |
| ICP-15 | Investment |
| ICP-16 | Enterprise Risk Management for Solvency Purposes |
| ICP-17 | Capital Adequacy |
Governance
| Code | Title |
|---|---|
| ICP5 | Suitability of Persons |
| ICP7 | Corporate Governance |
Group Supervision
| Code | Title |
|---|---|
| ICP23 | Group Wide Supervision |
Licensing and Suitability
| Code | Title |
|---|---|
| ICP-4 | Licensing |
| ICP-5 | Suitability of Persons |
| ICP-6 | Changes in Control and Portfolio Transfers |
Market Conduct and Consumer Protection
| Code | Title |
|---|---|
| ICP-18 | Intermediaries |
| ICP-19 | Conduct of Business |
| ICP-20 | Public Disclosure |
Preventive and Corrective Measures
| Code | Title |
|---|---|
| ICP-10 | Preventive Measures, Corrective Measures and Sanctions |
| ICP-12 | Exit from the Market and Resolution |
Resolution
| Code | Title |
|---|---|
| ICP12 | Exit from the Market and Resolution |
Risk Management
| Code | Title |
|---|---|
| ICP16 | Enterprise Risk Management and ORSA |
| ICP8 | Risk Management and Internal Controls |
Risk Transfer
| Code | Title |
|---|---|
| ICP13 | Reinsurance and Other Forms of Risk Transfer |
Supervision
| Code | Title |
|---|---|
| ICP9 | Supervisory Review and Reporting |
Supervisory Authority
| Code | Title |
|---|---|
| ICP1 | Objectives, Powers and Responsibilities of the Supervisor |
| ICP2 | Supervisor Independence and Resources |
Supervisory Framework
| Code | Title |
|---|---|
| ICP-1 | Objectives, Powers and Responsibilities of the Supervisor |
| ICP-2 | Supervisor |
| ICP-3 | Information Sharing and Confidentiality Requirements |
Systemic Risk
| Code | Title |
|---|---|
| ICP24 | Macroprudential Supervision |
Your Compliance Coverage
If you comply with IAIS Insurance Core Principles (ICPs), you already cover:
NIS2 Directive
15%
7 controls mapped
Compare →Notifiable Data Breaches Scheme (Australia)
13%
6 controls mapped
Compare →EU Digital Markets Act
13%
6 controls mapped
Compare →+ 595 more: FTC Health Breach Notification Rule (13%), UK Product Security and Telecommunications Infrastructure Act (PSTI) (13%)
See all 598 mapped frameworks ↓Maps to 598 other frameworks
Frequently Asked Questions
What is IAIS Insurance Core Principles (ICPs)?
IAIS Insurance Core Principles (ICPs) is a compliance framework from International (IAIS) with 22 domains and 47 controls. The International Association of Insurance Supervisors (IAIS) Insurance Core Principles (ICPs) provide a globally accepted framework for the supervision of the insurance sector. The 26 ICPs cover licensing, governance, risk management, conduct of business, group supervision, and cross-border cooperation. They serve as the benchmark for insurance regulation globally and are assessed by the IMF and World Bank as part of Financial Sector Assessment Programs (FSAPs). It is used by organisations to establish and maintain compliance with industry standards and regulatory requirements.
How many controls does IAIS Insurance Core Principles (ICPs) have?
IAIS Insurance Core Principles (ICPs) has 47 controls organised across 22 domains. The largest domains are Financial Integrity and Group Supervision (5 controls), Financial Soundness (5 controls), Corporate Governance and Risk Management (3 controls). Each control defines specific requirements that organisations must implement to achieve compliance.
What frameworks does IAIS Insurance Core Principles (ICPs) map to?
IAIS Insurance Core Principles (ICPs) maps to 598 other compliance frameworks. The top mapping partners are NIS2 Directive (15% coverage), Notifiable Data Breaches Scheme (Australia) (13% coverage), EU Digital Markets Act (13% coverage). Use our comparison tool to explore control-level mappings between frameworks.
How do I get started with IAIS Insurance Core Principles (ICPs) compliance?
Start your IAIS Insurance Core Principles (ICPs) compliance journey by running a self-assessment on our platform to identify your current compliance posture. Our AI advisory can answer specific questions about IAIS Insurance Core Principles (ICPs) requirements, and cross-framework mapping helps you leverage existing controls from other frameworks you may already comply with. Create a free account to access all 47 controls and track your progress.
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