Corporate governance requirements for insurance undertakings

  • What is the corporate governance code for fund service providers?

    The purpose of the Corporate Governance Code For Fund Service Providers is to provide the board of directors of Administrators, Custodians and Depositaries authorised and regulated by the Central Bank of Ireland (collectively “Service Providers”), with a framework for good practice of corporate governance and oversight .

  • What is the corporate governance strategy of insurance companies?

    Corporate governance refers to the manner in which boards of directors and senior management oversee the insurers' business.
    It encompasses the means by which members of the board and senior management are held accountable and responsible for their actions..

  • What is the purpose of the corporate governance policy?

    A corporate governance policy puts procedures and policies in place to keep the company on track and operating efficiently.
    A good corporate governance policy should address financial management, conflicts of interest, hiring practices, and roles of board members..

  • Solvency II requires that all the insurance and reinsurance undertakings in a group have in place a risk management system and an internal control system and that this requirement is applied in a consistent manner in the group.
Corporate Governance Requirements for Insurance Undertakings 2015. 36 risk considerations across the insurance undertaking. Cross memberships between key sub 

Do insurance requirements affect corporate governance obligations and standards?

The Requirements are imposed in addition to, and shall not affect any other corporate governance obligations and standards which an insurance undertaking is subject to

What are the regulations on corporate governance?

Regulations on corporate governance should be covered in general company law and/or insurance law

These regulations should take account of the size, nature and complexity of the insurer

establishes policies and strategies, the means of attaining them, and procedures for monitoring and evaluating the progress toward them

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