Change of governance

Governance is the post-crisis buzzword – get this aspect right, so the argument goes, and firms will have a much better grip on the risks they are running. And for insurers, getting the governance issue right is key to successfully navigating the Solvency II process. A key facet of demonstrating good governance is a transparent decision-making process – if a risk manager cannot explain why an assumption was used, or a correlation calculated, then they run the risk of seeing their Own Risk and