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 begins with an overview of interest rate risk, explaining its fundamental concepts before introducing the K-ICS standard model for measuring and managing the impact of interest rate fluctuations on an insurer’s assets and liabilities. Throughout this process, the course focuses on key input variables, assumption settings, and major industry issues, ensuring that participants develop immediately applicable skills. By emphasizing real-world application, this course enhances participants’ ability to effectively manage interest rate risk under K-ICS.