On 17 February 2015, Insurance Europe published its response to the International Association of Insurance Supervisors (IAIS) recent consultation on a risk-based global Insurance Capital Standard (ICS).  Notably, Insurance Europe comments that the envisaged IAIS timeline for the ICS is very ambitious and that it will be more realistic for the IAIS to give itself more time to design and test measures that are fit for purpose and aim for achievable incremental progress.