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Nematrian Reference Library

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Introduction (partial) "The purpose of this CD is to solicit feedback from stakeholders on the ICS ahead of the completion of ICS Version 2.0, scheduled for late-2019, before the monitoring period begins on 1 January 2020. This CD covers both issues related to the ICS Version 2.0 monitoring period and the technical aspects of the design and calibration of ICS Version 2.0. Amongst other things, the IAIS is soliciting feedback on: - The expectations for the IAIS and supervisors during the five-year monitoring period of the reference ICS and additional supplementary reporting. For example, confidential reporting to the group-wide supervisor (GWS), interaction with supervisory colleges and the role of the IAIS during the monitoring period. - The reference ICS components, ie the market-adjusted approach to valuation, criteria for qualifying capital resources and the standard method for determining the ICS capital requirement. - The additional reporting, at the option of the GWS, of GAAP with Adjustments (GAAP Plus) and other methods of calculation of the ICS capital requirement, including internal models. - The incremental costs and benefits of the ICS for internationally active insurance groups (IAIGs)."

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