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Enterprise Risk Management and Corporate Governance for Insurance Firms

17 May 2011

Lille, France

Conference Proceedings

 Click here to download the summary and read the various papers and presentations for this event 


On Tuesday 17 May 2011 the International Centre for Financial Regulation (ICFR) and the EDHEC Business School (EDHEC) held a joint conference entitled “Enterprise Risk Management and Corporate Governance for Insurance Firms” in Lille, France. 
The financial crisis has clearly shown that existing national and supranational solvency and capital adequacy regulations raise important issues for the integrity of enterprise wide risk management systems and the effectiveness of corporate governance.  It is, therefore, no surprise that since the crisis began the European Union has proposed a significantly enhanced Solvency Directive emphasising the importance of effective governance and risk management to deliver enhanced levels of capital adequacy within the insurance industry.  The new regulatory principles within the Directive also have important implications for the effective corporate governance of key players in the insurance market.
In addition, proposed changes to international reporting standards will significantly enhance accountability requirements.  These developments have a number of implications for understanding the multidimensional aspects of successful management of the changes including: responding to a changing regulatory environment, creating and meeting shareholder expectations, and developing business strategy more effectively.
This half day conference provided a forum for discussing the latest research into these current issues and practices, whilst focusing on the implications of changing solvency, capital adequacy and accountability requirements, and their interrelationships between various regulatory, shareholder and management perspectives on the effective management of these organisations.


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For more information about this event, please email [email protected] 

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