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).
IAIS Insurance Core Principles (ICPs) is a compliance framework from International (IAIS) with 22 domains and 47 controls that map to 228 other frameworks. The largest domains are Financial Integrity and Group Supervision (5 controls), Financial Soundness (5 controls), Corporate Governance and Risk Management (3 controls). Every control below carries what it requires and what an assessor expects to see.
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Framework Domains (22)
Authorization
Conduct
Cooperation
| Code | Title |
|---|---|
| ICP3 | Information Exchange and Confidentiality |
Corporate Governance and Risk Management
Disclosure
| Code | Title |
|---|---|
| ICP20 | Public Disclosure |
Enforcement
| Code | Title |
|---|---|
| ICP10 | Preventive Measures, Corrective Measures and Sanctions |
Financial
Financial Crime
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
Governance
Group Supervision
| Code | Title |
|---|---|
| ICP23 | Group Wide Supervision |
Licensing and Suitability
Market Conduct and Consumer Protection
Preventive and Corrective Measures
Resolution
| Code | Title |
|---|---|
| ICP12 | Exit from the Market and Resolution |
Risk Management
Risk Transfer
| Code | Title |
|---|---|
| ICP13 | Reinsurance and Other Forms of Risk Transfer |
Supervision
| Code | Title |
|---|---|
| ICP9 | Supervisory Review and Reporting |
Supervisory Authority
Supervisory Framework
Systemic Risk
| Code | Title |
|---|---|
| ICP24 | Macroprudential Supervision |
Your Compliance Coverage
If you comply with IAIS Insurance Core Principles (ICPs), you already cover:
MTCS (Singapore)
11%
5 controls mapped
Compare →South Korea ISMS-P
11%
5 controls mapped
Compare →Singapore Government Instruction Manual on ICT&SS Management (IM8)
11%
5 controls mapped
Compare →+ 225 more: Authorised Economic Operator (AEO) Programmes - Global Standards (11%), NIST SP 800-82 Revision 3: Guide to Industrial Control Systems (ICS) Security (9%)
See all 228 mapped frameworks ↓Maps to 228 other frameworks
What is IAIS Insurance Core Principles (ICPs) and who does it apply to?
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.
What does IAIS Insurance Core Principles (ICPs) actually require?
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.
If I already comply with another framework, how much of IAIS Insurance Core Principles (ICPs) do I already cover?
IAIS Insurance Core Principles (ICPs) maps to 228 other compliance frameworks. The top mapping partners are MTCS (Singapore) (11% coverage), South Korea ISMS-P (11% coverage), Singapore Government Instruction Manual on ICT&SS Management (IM8) (11% coverage). Use our comparison tool to explore control-level mappings between frameworks.
How do I implement IAIS Insurance Core Principles (ICPs)?
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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