Insurers seek simplicity to square the circle of regulatory compliance and agility.
Governance, risk and control are increasingly important issues for the insurance industry. The regulator’s recent introduction of the Senior Insurance Manager’s Regime (SIMR) has shown this.
For companies to succeed under this complex regulatory backdrop, they must be agile in their decision-making. They need simpler structures, clearer accountabilities and better management information. But is achieving all of this easier said than done, and does the Board ‘get it’?
We debated these themes with senior insurers across the industry in a roundtable setting. Our report captures the challenges insurers are facing and the actions that now need to be taken to ensure their approach to governance, risk and compliance truly adds value.
Download the report