TY  - UNPD
A1  - Siri, Michele
T1  - Corporate governance of insurance firms after Sovency II
N2  - Under Solvency II, corporate governance requirements are a complementary, but nonetheless essential, element to build a sound regulatory framework for insurance undertakings, also to address risks not specifically mitigated by the sole solvency capital requirements. After recalling the provisions of the Second Pillar concerning the system of governance, the paper highlights the emerging regulatory trends in the corporate governance of insurance firms. Among others things, it signals the exceptional extension of the duties and responsibilities assigned to the board of directors, far beyond the traditional role of both monitoring the chief executive officer, and assessing the overall direction and strategy of the business. However, a better risk governance is not necessarily built on narrow rule-based approaches to corporate governance.
T3  - ICIR Working Paper Series - No.27/2017 [10.7.17] 
KW  - Insurance
KW  - Corporate Governance
KW  - Culture
KW  - Risk Management
KW  - Internal Controls
KW  - Principle of Proportionality
KW  - Regulation
KW  - EIOPA
KW  - Solvency
KW  - Guidelines
KW  - ORSA
KW  - Own Self Risk Assessment
Y1  - 2017
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/76993
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-769932
UR  - https://ssrn.com/abstract=3108439
PB  - International Center for Insurance Regulation
CY  - Frankfurt am Main
ER  -