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CEIOPS published its issues paper on risk management and other corporate issues which was approved at CEIOPS’ Members Meeting of 27 and 28 June 2007.
As part of its preparation for future work under the Solvency II project, CEIOPS has on its own initiative developed high level principles and minimum qualitative requirements, which could form the basis for a risk and governance structure of undertakings.
The paper sets out some of the principles that would apply to solo insurance and reinsurance undertakings as well as to group undertakings, and represents the direction of CEIOPS’ initial thinking on these issues.
Deadline for comments is 17 October 2007.