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AUD2636 Mastering IAIS Insurance Core Principles (ICPs) for Implementation and Audit Readiness

$199.00
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What is the IAIS Insurance Core Principles (ICPs) course about?

A complete guide to operationalizing ICPs with precision, compliance confidence, and cross-functional alignment Each order is checked and updated against the latest insights before delivery. That is why access takes up to 24 hours rather than being instant.

What situation is the IAIS Insurance Core Principles (ICPs) for?

Most professionals spend cycles manually aligning policies, controls, and documentation just to meet audit timelines, only to start over again next quarter. The cost isn’t just time; it’s credibility when findings recur and stakeholders lose confidence.

Who is the IAIS Insurance Core Principles (ICPs) course for?

Insurance compliance leads, risk practitioners, internal auditors, and technology governance professionals responsible for translating IAIS ICPs into real-world implementation across people, process, and systems.

Who is the IAIS Insurance Core Principles (ICPs) course not for?

This is not for executives seeking high-level summaries or consultants looking for slide decks to resell. It’s built for doers who own the details.

What do you take away from the IAIS Insurance Core Principles (ICPs) course?

Turn abstract ICPs requirements into executable control mappings Build audit-ready documentation packages that survive scrutiny Reduce rework by standardizing evidence collection across cycles Align actuarial, underwriting, and IT teams around a single compliance narrative Earn broader discretion in how compliance is structured and reported.

What's included with your purchase?

12 modules with 12 chapters each (144 chapters) Downloadable templates and worked examples for every module Hand-built implementation playbook delivered alongside course access 30-day money-back guarantee.

What does the IAIS Insurance Core Principles (ICPs) cover on delivery and format?

Format: Text-based modules and chapters in the Art of Service learning environment, plus downloadable templates and worked examples for every chapter, plus the hand-built implementation playbook delivered alongside course access. Time investment: Approximately 90 minutes per module, designed to be completed at your pace over 6, 8 weeks.

How does this compare to the alternatives?

Unlike generic overview guides or academic summaries, this course delivers implementation-grade detail, field-tested templates, and a custom playbook tailored to putting ICPs into practice, not just understanding them.

Closely related courses: Core Insurance Systems Toolkit.

More answers: what you get with every course, refund policy, all help answers.

A tailored course, built for your situation

Mastering IAIS Insurance Core Principles (ICPs) for Implementation and Audit Readiness

A complete guide to operationalizing ICPs with precision, compliance confidence, and cross-functional alignment

$199 one-time
30-day money-back guarantee Verified against latest insights, updated access provided within 24h

Each order is checked and updated against the latest insights before delivery. That is why access takes up to 24 hours rather than being instant.

12 modules. 12 chapters per module. 144 chapters total.
12 modules, each with 12 chapters (144 chapters total), text-based, plus downloadable templates and a hand-built implementation playbook delivered alongside course access.
End the pre-audit scramble: turn fragmented ICPs efforts into a repeatable, evidence-backed implementation engine.

The situation this course is for

Most professionals spend cycles manually aligning policies, controls, and documentation just to meet audit timelines, only to start over again next quarter. The cost isn’t just time; it’s credibility when findings recur and stakeholders lose confidence.

Who this is for

Insurance compliance leads, risk practitioners, internal auditors, and technology governance professionals responsible for translating IAIS ICPs into real-world implementation across people, process, and systems.

Who this is not for

This is not for executives seeking high-level summaries or consultants looking for slide decks to resell. It’s built for doers who own the details.

What you walk away with

  • Turn abstract ICPs requirements into executable control mappings
  • Build audit-ready documentation packages that survive scrutiny
  • Reduce rework by standardizing evidence collection across cycles
  • Align actuarial, underwriting, and IT teams around a single compliance narrative
  • Earn broader discretion in how compliance is structured and reported

The 12 modules (with all 144 chapters)

Module 1. Understanding the IAIS ICPs Framework Structure
Break down the full scope of the ICPs into functional domains and implementation tiers.
12 chapters in this module
  1. Overview of the IAIS and the role of Insurance Core Principles
  2. Structure of the ICPs: modules, principles, and supporting standards
  3. How ICPs differ from local jurisdictional regulations
  4. Mapping ICPs to international financial reporting frameworks
  5. Key changes in recent ICPs revisions and their impact
  6. Core objectives behind Principle 1: Corporate Governance
  7. Principle 2 fundamentals: Risk Management framework expectations
  8. Actuarial soundness under Principle 6 and its operational implications
  9. Capital adequacy requirements in Principle 7 explained
  10. Market conduct and consumer protection in Principle 9
  11. Role of supervisors under Principle 13 and escalation triggers
  12. Cross-cutting themes across all 21 ICPs
Module 2. Translating ICPs into Organizational Policy
Convert high-level principles into enforceable internal policies aligned with business functions.
12 chapters in this module
  1. From principle to policy: drafting language that sticks
  2. Assigning ownership for each ICP-aligned policy area
  3. Integrating ICPs into existing enterprise risk policy frameworks
  4. Setting thresholds for policy exceptions and approvals
  5. Version control and change management for compliance documents
  6. Linking policy statements to board-approved risk appetite
  7. Incorporating ICPs into new product development gates
  8. Using policy libraries to maintain consistency across regions
  9. Training staff on updated ICP-based policy requirements
  10. Auditing policy adherence without creating redundancy
  11. Handling conflicts between global ICPs and local mandates
  12. Documenting rationale for deviations with supervisory justification
Module 3. Designing ICP-Aligned Control Frameworks
Build scalable controls that map directly to ICP requirements and support audit trails.
12 chapters in this module
  1. Control design fundamentals for Principle 2: Enterprise Risk Management
  2. Developing preventive vs detective controls for capital monitoring
  3. Segregation of duties in underwriting and claims processes
  4. Automated alerting for breaches of concentration limits
  5. Controls for outsourcing third-party service providers
  6. Monitoring model risk in actuarial and pricing functions
  7. Data integrity controls across policy administration systems
  8. User access reviews tied to role-based provisioning
  9. Incident response playbooks aligned with supervisory reporting
  10. Change management controls for core insurance platforms
  11. Vendor oversight controls meeting ICP 16 expectations
  12. Testing frequency schedules based on risk criticality tiers
Module 4. Evidence Collection and Documentation Standards
Establish a consistent approach to gathering, storing, and retrieving audit evidence.
12 chapters in this module
  1. Types of acceptable evidence for each ICP module
  2. Creating standardized templates for control operating effectiveness
  3. Capturing screenshots, logs, and system extracts as proof
  4. Timestamping and digital signing of compliance artefacts
  5. Centralizing evidence storage while maintaining version history
  6. Indexing files by principle, control, and audit cycle
  7. Redaction protocols for sensitive financial or personal data
  8. Preparing binders for off-site supervisory reviews
  9. Using metadata tagging to accelerate auditor queries
  10. Retention periods aligned with legal and regulatory requirements
  11. Handling requests for additional evidence during audits
  12. Building a self-service portal for internal stakeholders
Module 5. Implementing Capital Adequacy Monitoring Systems
Operationalize ICP 7 through real-time capital tracking and stress testing workflows.
12 chapters in this module
  1. Defining eligible capital components under ICP 7
  2. Calculating solvency margins using prescribed methodologies
  3. Integrating finance and actuarial systems for unified reporting
  4. Setting early warning indicators for capital depletion
  5. Running scenario analyses for market shock events
  6. Automating intra-group capital transfer constraints
  7. Reporting currency translation impacts on group solvency
  8. Validating assumptions used in economic capital models
  9. Documenting model governance for internal capital models
  10. Aligning ORSA outputs with ICP 7 disclosure expectations
  11. Benchmarking against peer group capital levels
  12. Escalation procedures when minimum thresholds are breached
Module 6. Governance Model Design for Supervisory Engagement
Structure committees, reporting lines, and escalation paths expected under ICP 13.
12 chapters in this module
  1. Designing a governance committee structure compliant with ICP 1
  2. Board-level reporting cadence and content specifications
  3. Executive risk committee roles in overseeing ICP implementation
  4. Supervisory liaison officer responsibilities and qualifications
  5. Preparing for thematic inspections by regulators
  6. Responding to supervisory findings with corrective action plans
  7. Tracking open issues until closure with documented evidence
  8. Conducting mock supervisory interviews internally
  9. Managing communication during public enforcement actions
  10. Coordinating multi-jurisdictional responses for global insurers
  11. Building trust through proactive transparency initiatives
  12. Measuring maturity of supervisory engagement practices
Module 7. Outsourcing and Third-Party Risk Management
Ensure vendor relationships comply with ICP 16 and protect operational resilience.
12 chapters in this module
  1. Classifying vendors by criticality and outsourcing type
  2. Due diligence checklists for cloud infrastructure providers
  3. Contractual clauses required for ICP 16 compliance
  4. Ongoing monitoring of third-party performance metrics
  5. Site visit protocols for key outsourced operations
  6. Business continuity planning for vendor failure scenarios
  7. Data localization requirements across jurisdictions
  8. Subcontractor oversight mechanisms and audit rights
  9. Exit strategy planning for critical supplier termination
  10. Reporting major incidents involving third parties
  11. Maintaining an inventory of all material outsourcing arrangements
  12. Demonstrating accountability despite external execution
Module 8. Consumer Protection and Market Conduct Alignment
Embed fair treatment of customers into distribution, pricing, and complaint handling.
12 chapters in this module
  1. Mapping ICP 9 to customer journey touchpoints
  2. Pricing fairness assessments and bias detection methods
  3. Disclosure requirements for policy terms and exclusions
  4. Complaint handling KPIs and resolution timelines
  5. Monitoring mis-selling risks in agent networks
  6. Treating vulnerable customers with appropriate safeguards
  7. Digital marketing compliance across channels
  8. Ensuring suitability in bundled insurance products
  9. Audit trails for customer consent and opt-out records
  10. Fair claims settlement practices and dispute resolution
  11. Training frontline staff on ethical sales behaviors
  12. Reporting systemic issues to senior management
Module 9. Actuarial Soundness and Valuation Controls
Strengthen technical provisions, reserving practices, and model governance.
12 chapters in this module
  1. Requirements for robust valuation of insurance liabilities
  2. Assumptions setting process with actuarial independence
  3. Back-testing actual vs expected claim outcomes quarterly
  4. Model validation frameworks for pricing and reserving models
  5. Documentation standards for actuarial reports
  6. Peer review processes for significant assumption changes
  7. Stress testing reserves under adverse scenarios
  8. Disclosing uncertainty ranges in financial statements
  9. Segregating duties between actuaries and finance teams
  10. Handling changes in mortality, morbidity, or lapse rates
  11. Reviewing reinsurance credit for admissibility
  12. Aligning local GAAP valuations with ICP expectations
Module 10. Data Governance for Regulatory Reporting
Ensure accuracy, completeness, and timeliness of submissions driven by ICPs.
12 chapters in this module
  1. Defining golden sources for regulatory data points
  2. Data lineage mapping from source systems to reports
  3. Validation rules for premium, claims, and reserve figures
  4. Error detection and correction workflows pre-submission
  5. Role-based access to regulatory reporting environments
  6. Change control for report logic and transformation scripts
  7. Automated reconciliation between internal and filed data
  8. Handling late data arrivals and estimating protocols
  9. Audit trails for manual adjustments in reporting
  10. Cross-system consistency checks for group-wide filings
  11. Metadata documentation for every reported metric
  12. Preparing for data-focused supervisory inquiries
Module 11. Internal Audit Validation of ICP Compliance
Equip audit teams to assess and validate ICP implementation objectively.
12 chapters in this module
  1. Scoping internal audits around ICP principle coverage
  2. Sampling techniques for control testing across locations
  3. Evaluating adequacy of evidence packages provided
  4. Assessing tone at the top and culture of compliance
  5. Testing whistleblower mechanism effectiveness
  6. Reviewing training completion and knowledge retention
  7. Auditing cyber resilience plans under operational risk
  8. Validating business continuity test results
  9. Reporting findings with root cause analysis
  10. Following up on prior audit recommendations
  11. Benchmarking control maturity across departments
  12. Providing assurance to executive leadership
Module 12. Sustaining Compliance Across Audit Cycles
Create a living program that evolves with updates and reduces future effort.
12 chapters in this module
  1. Building a calendar of recurring ICP-related activities
  2. Assigning owners for continuous control operation
  3. Updating documentation automatically with system changes
  4. Incorporating lessons learned from past audits
  5. Monitoring IAIS publications for upcoming revisions
  6. Engaging with industry working groups for early insights
  7. Conducting annual ICP gap assessments proactively
  8. Benchmarking against peer implementation approaches
  9. Reducing duplication across overlapping frameworks
  10. Optimizing resource allocation year-over-year
  11. Demonstrating progress to internal stakeholders
  12. Positioning yourself as the central node in ongoing compliance

How this maps to your situation

  • Pre-audit preparation
  • Control implementation
  • Cross-functional alignment
  • Ongoing maintenance

Before vs. after

Before
Fragmented efforts, reactive fixes, repeated auditor questions, and growing team fatigue around compliance cycles.
After
Structured execution, predictable audit outcomes, reduced rework, and recognized authority in shaping how standards are applied.

What's included with your purchase

  • 12 modules with 12 chapters each (144 chapters)
  • Downloadable templates and worked examples for every module
  • Hand-built implementation playbook delivered alongside course access
  • 30-day money-back guarantee

Delivery and format

  • Course and learning environment access provisioned within 24 hours of purchase
  • Hand-built implementation playbook delivered alongside course access

Format: Text-based modules and chapters in the Art of Service learning environment, plus downloadable templates and worked examples for every chapter, plus the hand-built implementation playbook delivered alongside course access.

Time investment: Approximately 90 minutes per module, designed to be completed at your pace over 6, 8 weeks.

If nothing changes
Without a systematic approach, teams remain vulnerable to recurring findings, inefficient use of talent, and missed opportunities to lead beyond their formal mandate.

How this compares to the alternatives

Unlike generic overview guides or academic summaries, this course delivers implementation-grade detail, field-tested templates, and a custom playbook tailored to putting ICPs into practice, not just understanding them.

Frequently asked

Is this course relevant if I’m not based in a G20 country?
Yes. While IAIS ICPs are influential globally, the course focuses on practical implementation patterns applicable regardless of jurisdiction.
How is the course structured?
12 modules, each containing 12 chapters (144 chapters total).
Will this help me prepare for an upcoming audit?
Absolutely. The course includes direct tools for building audit-ready documentation packages and responding confidently to examiner requests.
$199 one-time. Approximately 90 minutes per module, designed to be completed at your pace over 6, 8 weeks..

Within 24 hours your account in the learning environment is provisioned and the tailored implementation playbook is delivered alongside it.

30-day money-back guarantee·144 chapters·Hand-built playbook included· Account access within 24 hours
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