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Insurance Core Principles (ICP) 1 - Objectives, Powers and Responsibilities of the Supervisor: Insurance Supervisory Authority Legal Basis, Operational Independence, Accountability, Transparency, Professional Standards and International Cooperation

ICP 1 establishes the foundational requirements for an effective insurance supervisory authority, mandating a clear legal basis, operational independence,…

What Insurance Core Principles (ICP) 1 - Objectives, Powers and Responsibilities of the Supervisor: Insurance Supervisory Authority Legal Basis, Operational Independence, Accountability, Transparency, Professional Standards and International Cooperation requires

ICP 1 establishes the foundational requirements for an effective insurance supervisory authority, mandating a clear legal basis, operational independence, accountability, transparency, professional competence, and international cooperation. It applies to all jurisdictions establishing or assessing their insurance supervisory framework under IAIS standards, per ICP 1.1-1.15.

Pillar: Insurance & Risk · Authority: International Association of Insurance Supervisors (IAIS) · Version: 1.0.1 · Last updated:

Primary source: https://www.iais.org/icp-online-tool/13512-icp-1-objectives-powers-and-responsibilities-of-the-supervisor/

SHA-256 integrity: aaf1e5969bf7100f4e10af21ccf739e90190723e1c0e5889021e37ad29d383b4

Primary Citations — 5 traced to source

  • Insurance Core Principles (ICP) 1, https://www.iais.org/icp-online-tool/13512-icp-1-objectives-powers-and-responsibilities-of-the-supervisor/, ICP 1.1, 2023
  • Insurance Core Principles (ICP) 1, https://www.iais.org/icp-online-tool/13512-icp-1-objectives-powers-and-responsibilities-of-the-supervisor/, ICP 1.3, 2023

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