ICP 23 Group-wide Supervision

The group-wide supervisor, in cooperation and coordination with other involved supervisors, identifies the insurance group and determines the scope of group supervision.

23.1	The group-wide supervisor, in cooperation and coordination with other involved supervisors, identifies all legal entities that are part of the insurance group.

All guidance

23.2	The group-wide supervisor, in cooperation and coordination with other involved supervisors, determines the scope of group-wide supervision.

All guidance

23.3	The group-wide supervisor and other involved supervisors do not narrow the identification of the insurance group or the scope of group-wide supervision due to lack of legal authority or supervisory power over particular legal entities.

All guidance

Illustrations to assist the identification of insurance groups

Figure 23.1 Insurance Group

Figure 23.2 Financial Conglomerate

Figure 23.3 Insurance-led Financial Conglomerate

Figure 23.4 Wider group