On 23 June 2023, the International Association of Insurance Supervisors (IAIS) published two documents to consult with its stakeholders on the global Insurance Capital Standard (ICS). This consultation is done before ICS as a Group-Wide Prescribed Capital Requirement (PCR) goes live at the end of 2024.
Over the past decade, the IAIS has been developing the ICS with the aim of creating a global insurance capital standard for Internationally Active Insurance Groups (IAIGs).
The consultation contains two revised ICPs.
If you have any questions, please contact our professionals:
Francesco Nagari
Partner, Hong Kong FSI Leader
+852 2852 1977
frnagari@deloitte.com.hk
Dhiran Dookhi
Partner, Actuarial
+852 9500 9681
ddookhi@deloitte.com.hk
Brian Pak
Senior Manager, Actuarial
+852 9141 3882
bpak@deloitte.com.hk