Introduction
The K-ICS Module course is designed to systematically cover the methodologies for calculating required capital and available capital as defined in the K-ICS (Korean Insurance Capital Standard) framework. This course ensures that participants gain a clear understanding of the core principles and application methods of K-ICS and effectively utilize them in practice.
The course provides a structured explanation of insurance risk, including its definition, key drivers, and impact on an insurer’s financial stability. It then guides participants through the step-by-step application of the K-ICS standard model to calculate required capital and assess available capital. Through real-world case studies, the course highlights key challenges and practical solutions encountered at each stage, enabling participants to develop the necessary skills to apply K-ICS effectively in practice.