ICS 2.0 a ‘major step’ to single global capital standard

The International Association of Insurance Supervisors (IAIS) has called the development of Insurance Capital Standard (ICS) Version 2.0, which has begun its five-year monitoring period, a major step forward to the ultimate goal of a single global capital standard for internationally active insurance groups (IAIGs). IAIS secretary general Jonathan Dixon said the ultimate goal is a single ICS that includes…

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