IAIS Insurance Core Principles (ICPs) vs NERC CIP
What is the difference between IAIS Insurance Core Principles (ICPs) and NERC CIP?
IAIS Insurance Core Principles (ICPs) is a risk management framework applying in International (IAIS), with 205 controls across 24 domains. NERC CIP is a other framework applying in North America, with 162 controls across 13 domains. They govern different subjects, so the overlap is limited to the governance requirements they share. The mapping below shows where that is.
IAIS Insurance Core Principles (ICPs)205 controls
NERC CIP162 controls
Questions people ask about IAIS Insurance Core Principles (ICPs) and NERC CIP
What is the difference between IAIS Insurance Core Principles (ICPs) and NERC CIP?
IAIS Insurance Core Principles (ICPs) has 205 controls while NERC CIP has 162 controls. Both frameworks address compliance requirements but differ in scope, focus, and applicability. Use our platform to explore the exact control-to-control mappings.
Do I need both IAIS Insurance Core Principles (ICPs) and NERC CIP?
Whether you need both depends on your industry, regulatory requirements, and customer expectations. Many organizations implement multiple frameworks simultaneously. Our compliance platform helps you map controls between IAIS Insurance Core Principles (ICPs) and NERC CIP so you can identify shared requirements and avoid duplicate effort.
How do IAIS Insurance Core Principles (ICPs) and NERC CIP controls map to each other?
Our platform maps controls between IAIS Insurance Core Principles (ICPs) and NERC CIP at a granular level. Each mapping shows whether controls are fully aligned, partially aligned, or represent gaps. This helps you prioritize implementation when pursuing both frameworks.
Which framework should I implement first, IAIS Insurance Core Principles (ICPs) or NERC CIP?
The best starting point depends on your specific regulatory requirements, industry, and customer demands. Consider which framework is most urgently required by your stakeholders or regulators. Use our free compliance platform to run a gap analysis and determine the optimal implementation sequence.
Each framework on its own
Comparisons people read next
Each of these compares one of the two standards above against another it shares controls with.
IAIS Insurance Core Principles (ICPs) vs MTCS (Singapore)5 shared controlsIAIS Insurance Core Principles (ICPs) vs South Korea ISMS-P5 shared controlsIAIS Insurance Core Principles (ICPs) vs NIST SP 800-82 Revision 3: Guide to Industrial Control Systems (ICS) Security4 shared controlsNERC CIP vs UK Defence Standard 05-138 - Cyber Security for Defence Suppliers3 shared controlsNERC CIP vs APRA CPS 230 Operational Risk Management3 shared controlsNERC CIP vs NIST SP 800-171A Rev 3 - Assessing CUI Security Requirements3 shared controls
See all control mappings with interactive gap analysis
Explore the complete mapping between IAIS Insurance Core Principles (ICPs) and NERC CIP on our compliance platform.
Written and maintained by Gerard Blokdyk, The Art of Service.