Do insurers need a CIO?

Role left off UK controlled function list but too important to overlook


The UK’s Prudential Regulation Authority (PRA) has proposed under its senior insurance manager’s regime that insurance companies must have five ‘controlled function’ holders, namely the chief executive officer (CEO), chief financial officer (CFO), chief risk officer (CRO), head of internal audit and chief actuary.

Notably absent is a named person responsible for the investments of a firm. Given the importance of investment performance to the profitability of firms and the fact that market risk

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The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

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