EU Insurers Warn Over 'Silos' In Corporate Governance

Law360, London (March 31, 2021, 3:23 PM BST) -- European insurers have warned national regulators against taking a one-size-fits-all approach to how internal governance functions should be divided up at a company level.

Insurance Europe said on Tuesday that a strict division between internal audit, risk management and other so-called control functions within a business risked creating "silos."

The Brussels-based lobby group was responding to a consultation by the International Association of Insurance Supervisors, a standards body for national regulators such as the Financial Conduct Authority. The consultation, which ended on March 26, offered guidance for regulators on what constitutes best practice in the corporate structure of insurance companies....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!