The FSA has published its latest insurance sector briefing which is entitled ICAS – Lessons learned and looking ahead to Solvency 2. In this sector briefing the FSA sets out feedback from the Individual Capital Assessments (ICAs) for life and general insurance firms that it has reviewed since the Individual Capital Adequacy Standards regime came into effect on 31 December 2004. Under this framework, firms must undertake regular assessments of the amount and quality of capital which is adequate for the size and nature of the business.

View Insurance sector briefing: ICAS – Lessons learned and looking ahead to Solvency 2, (PDF 292KB), 11 October 2007