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Event

The introduction of the compliance function in insurance companies

27.02.2008 01:00 13.11.2024 01:02
prepare culture and organization

Presentation of the workshop

The outline of regulations on internal controls, compliance, risk management and outsourcing of the activities of insurance companies introduces obligations comparable to those in force for financial intermediaries. These regulatory innovations, which are in line with the most recent international guidelines on prudential supervision, are in fact intended to strengthen the organizational requirements that, together with prudential requirements, constitute the safeguards to safeguard the stability of insurance companies and groups.In the design of the Supervisory Authority, the existence within the insurance company of adequate organizational and procedural safeguards that ensure compliance with the rules is configured as an important preventive tool that makes it possible not only to circumscribe and minimize legal and reputational risks, but also to ensure adequate protection of policyholders.

Agenda of the day