Poor governance is top factor in insurer failures – Eiopa

Breakdowns in internal governance were the most cited reason for failures of large European insurers in a study released today (July 17) by the European Union’s industry watchdog.

The European Insurance and Occupational Pensions Authority (Eiopa) said that at troubled large insurers, internal governance and control risks were the primary cause of failures or near-failures in 14% of cases. Next came managerial and staff competence risks, and the underestimating of reserves needed to meet policyh

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: