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IAIS ComFrame Prescribed Capital Requirement (PCR) - Group Capital Calculation for Internationally Active Insurance Groups (IAIGs) 2023

This regulation establishes the Prescribed Capital Requirement (PCR), a consolidated group-level quantitative capital standard for Internationally Active…

What IAIS ComFrame Prescribed Capital Requirement (PCR) - Group Capital Calculation for Internationally Active Insurance Groups (IAIGs) 2023 requires

This regulation establishes the Prescribed Capital Requirement (PCR), a consolidated group-level quantitative capital standard for Internationally Active Insurance Groups (IAIGs), ensuring they hold sufficient capital to absorb significant, unforeseen losses. The core methodology, outlined in ComFrame Module 2, Section 2.1, uses a risk-based approach covering insurance, market, credit, and operational risks.

Pillar: Insurance & Risk · Authority: International Association of Insurance Supervisors (IAIS) · Version: 1.0.0 · Last updated:

Primary source: https://www.iais.org/activities-topics/standard-setting/insurance-capital-standard/

SHA-256 integrity: 49ccbb5c7796a1736f4d5ecd82669d04c25393290a137f8db5e099f3154b4386

Primary Citations — 6 traced to source

  • IAIS Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame), November 2019 (updated 2023), Module 2, Section 2.1: Prescribed Capital Requirement (PCR)
  • IAIS Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame), Module 2, Section 2.1.1: Standard Method for the PCR Calculation

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