The Global Insurance Capital Standard: A major regulatory initiative takes shape
Source: Middle East Insurance Review | Jul 2015
The Global Insurance Capital Standard (ICS) is one of the most important regulatory initiatives in global (re)insurance. It will not directly apply to Middle Eastern insurers but will accelerate the emergence of risk-based solvency regimes throughout the region, argues Dr Kai-Uwe Schanz of Dr. Schanz, Alms & Company AG.
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