Primary navigation:

QFINANCE Quick Links
QFINANCE Reference
Add the QFINANCE search widget to your website

Home > QFINANCE Dictionary > Definition of ICA

Definition of


Insurance abbr

Australian organization supporting insurance firms Insurance Council of Australia: an independent body representing the interests of businesses involved in the insurance industry. It was established in 1975 and currently represents around 110 companies.

ICA - Related Articles
  • Ian Fraser


    Ian Fraser is professor of accounting at the University of Stirling, Scotland, and he has previously held academic posts at the University of Strathclyde and Glasgow Caledonian University. He trained for membership of the Institute of Chartered Accountants of Scotland (ICAS) with Thomson Mclintock

  • Paul Barrett


    Barrett coordinates the ABI’s regulation priority work and was responsible for producing the industry guide to the individual capital assessment (ICA) process and the ABI’s unit-linked guide of good practice. Previously he worked at the Financial Services Authority.

  • Enterprise Risk Management and Solvency II

    Best Practice

    The standard model for the majority of companies in the United Kingdom today is a product of the Individual Capital Assessment (ICA) regime, introduced by the Financial Services Authority while it waited for Europe to refine and introduce Solvency II. The implementation of ICA has been a significant
    By Andy Davies

  • A Value-At-Risk Framework for Longevity Trend Risk

    Best Practice

    Union are concerned with reserves being adequate in 99.5% of situations that might arise over the coming year. Insurers already have to do this as part of the International Congress of Actuaries (ICA) regime in the United Kingdom.
    By Stephen J. Richards


Definitions of ’ICA’ and meaning of ’ICA’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’ICA’ and other financial terms with our online QFINANCE Financial Dictionary.

Back to top