ICS: A (very) Quick Overview Presentation by Paolo

tatiana-dople
Published  · 5 slides · 0 views
↓ Download
ICS: A (very) Quick Overview Presentation by Paolo
1 / 1
ICS: A (very) Quick Overview Presentation by Paolo - slide 1 of 5 ICS: A (very) Quick Overview Presentation by Paolo - slide 2 of 5 ICS: A (very) Quick Overview Presentation by Paolo - slide 3 of 5 ICS: A (very) Quick Overview Presentation by Paolo - slide 4 of 5 ICS: A (very) Quick Overview Presentation by Paolo - slide 5 of 5
Description
ICS: A (very) Quick Overview Presentation by Paolo Cadoni, Chair, CSFWG Asuncion, 10 November 2016 IAIS 23rd Annual Conference Major Projects Update Panel ICS milestones a quick recap October 2013 announcement of beginning of ICS project

Related Topics

Download this presentation From Below

"ICS: A (very) Quick Overview Presentation by Paolo" is the property of its rightful owner. Permission is granted to download and print the materials on this website for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.

Presentation Transcript

01
ICS: A (very) Quick Overview Presentation by Paolo Cadoni, Chair, CSFWG Asuncion, 10 November 2016 IAIS 23rd Annual Conference
Major Projects Update Panel<br>
02
ICS – milestones a quick recap October 2013 announcement of beginning of ICS project
December 2014 – First ICS Consultation Document
February 2015 – very significant amount and volume of comments received from Members and Stakeholders
May 2015 – field testing of ICS began with full calculation on MAV basis (2014 field testing focused only on valuation)
May 2016 – field testing of ICS with full calculation on both MAV and GAAP+ basis
July 2016 – Second ICS Consultation Document
October 2016 – Comments received on 2nd ICS CD

Looking forward
July 2017 – ICS Version 1.0 2<br>
03
ICS Consultation Document comments 236 Questions in the Consultation Document…

We received…

76 submissions from:
15 insurance trade associations
32 insurance companies (of which 25 are from Field Testing volunteers)
8 actuarial associations, including the IAA
15 IAIS Members
6 Other (Academia, Professional Services, Chamber of Commerce)

For a total of over 2,000 pages…
The comments have been published on the IAIS website 3<br>