The International Association of Insurance Supervisors (IAIS) has published the final version of its Application Paper on operational resilience objectives and toolkit, completing consultations held in 2024 and 2025. The paper is intended to help supervisors and insurers assess and address operational resilience in line with the Insurance Core Principles (ICPs), particularly risk management and related requirements. The Application Paper is structured around operational resilience objectives, which provide a high-level framework for meeting the ICPs, and a supporting toolkit, which sets out practical approaches supervisors can use for implementation. It covers three overarching objectives focused on the relationship between operational resilience, governance and operational risk management, key elements of a sound approach to operational resilience drawing on practices adopted by supervisors, and supervisory objectives including coordination with other authorities, transparent stakeholder communication and fostering continuous improvement. A public discussion webinar is scheduled for 19 February 2026 (13:00–14:00 CET), alongside IAIS member-only webinars on 10 March 2026 (13:00–14:00 CET) and 23 April 2026 (13:00–14:00 CET). The IAIS has also published the consultation comments received and its responses.
International Association of Insurance Supervisors 2026-02-12
International Association of Insurance Supervisors publishes final Application Paper on operational resilience objectives and toolkit
The International Association of Insurance Supervisors published its final Application Paper on operational resilience, setting out outcomes-based objectives and a practical toolkit to help supervisors and insurers embed resilience expectations within existing Insurance Core Principles governance and risk management frameworks, including oversight, operational risk integration, and third-party/technology dependencies.