Represents insurance supervisory authorities from about 100 jurisdictions. It promotes cooperation among insurance regulators; sets international standards for insurance supervision; provides training for its members; coordinates work with regulators in other financial sectors and international financial institutions. (Visit www.iais.org).
***
IAIS is the forum which represents the Association of Insurance Regulators worldwide. IAIS represents Insurance Regulators an Supervisors of some 190 jurisdictions in nearly 140 countries, constituting 97% of the world’s insurance premiums. IAIS has drafted insurance core principles (ICPs), which provide the globally accepted framework for insurance sector. This has become a guidance document for the insurance regulators globally and the level of development of regulatory framework in a country is measured with reference to the benchmarks set by IAIS in the form of core principles.
Insurance Encyclopedia
International Capital Standard (ICS)
The ICS is the proposed permanent international capital standard that is intended to apply to all IAIGs. The goal is to develop a global capital standard that will allow comparability of insurers’ capital position so that international insurance supervisors can understand and rely on for solvency regulation.
International Civil Aviation Organisation (ICAO)
Sets standards and makes recommendations for international air navigation. The international aspects involved make a high level of standardisation and cooperation between nations essential.
International Civil Aviation Organization (ICAO)
This organization was formed by the Chicago Convention with the object to develop the principles and techniques of international air navigation and to foster the planning and development of international air transport.
International Claim Association (ICA)
ICA was founded in 1909 to promote efficiency, effectiveness, and high standards of performance in claim administration by member companies; provide a forum for research, education, and the exchange of ideas relating to various aspects of claim administration; and devise and effect measures for the benefit of policyholders and beneficiaries in matters relating to claims. ICA has been at the forefront of addressing a broad range of life, health, and disability claim issues including those relevant in the day-to-day operation of claim departments. The ICA provides a forum for information exchange and a program of education tailored to the needs of its member life and health insurance companies, reinsurers, managed care companies, TPAs, and Blue Cross and Blue Shield organizations worldwide.
International Classification of Diseases (ICD)
Medical code set developed and maintained by the World Health Organization (WHO) primarily to classify causes of death. Eventually this code set became the standardized system of codes for diagnoses used to submit insurance claims for reimbursement to insurance carriers and for use in Health Insurance Portability and Accountability Act transactions.
International Classification of Diseases, Ninth Revision, Clinical Modification (ICD-9-CM)
Diagnostic code book that uses primarily a numeric code system for classifying diseases and operations to assist collection of uniform and comparable health information. These codes are used by physicians and inpatient and outpatient facilities to effectively document the medical condition, symptom, or complaint of each patient when submitting insurance claims to insurance companies for payment. Its conventions include special terms, punctuation marks, abbreviations, or symbols to communicate special instructions to the coder. If the conventions are overlooked, the code number chosen may be incorrect. A code system to replace this is ICD-10, which has an implementation date set for October 1, 2013.
International Classification of Diseases, Oncology (ICD-O)
Diagnostic code book first published in 1976 for classifying morphology of neoplasms. Of the five digits, the first four identify the histology of the neoplasm and the fifth identifies the neoplasm as either benign, uncertain, carcinoma in situ, primary malignant, secondary malignant, or unknown whether primary or secondary. Cancer registry centers in hospitals and ambulatory care centers use this code system for classification of tumors. Also known as morphology of neoplasms .
International Classification of Diseases, Tenth Revision, Clinical Modification (ICD-10-CM)
Diagnostic code book that uses a system for classifying diseases and operations to assist collection of uniform and comparable health information. It has been modified, will be implemented on October 1, 2013, and will replace ICD-9-CM Volumes 1 and 2 when submitting insurance claims for billing hospital and physician office medical services. Presently it is used for mortality reporting in the United States.
International Classification of Diseases, Tenth Revision, Procedural Coding System (ICD-10-PCS)
Procedural code system developed by 3M Health Information Systems (HIS) under contract with the Centers for Medicare and Medicaid Services (CMS). When implemented on October 1, 2013, it will replace ICD-9-CM Volume 3 for hospital inpatient procedure reporting in the United States.