Corporate governance, internal control and Enterprise Risk Management
It has been well understood by the EU promoters of the new Solvency II regime that solvency is not only a matter of capital calculations and capital adequacy, but good corporate governance, internal control and the principles of Enterprise Risk Management are surely as important.
The professionals of AT Global can help your company to benefit from the advantages of improved internal control processes by helping you redesigning these. By helping you embedding the principles of Enterprise Risk Management in the day-to-day operations of your insurance company, we can help you create value.
A good corporate governance, well designed internal control processes and the principles of Enterprise Risk Management ("ERM") are as important, if not more, as capital allocation to guarantee the solvency of your insurance company and convince the regulators and other stakeholders of the strength of your company.
Organisational changes may also have a very beneficial effect on the financial strength of an insurance company. Indeed, the analysis of insurers' failures show that, in many cases, poor management practices or a lack of corporate governance explains the failure to a large extent.