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Why It Matters Compliance Officers occupy a unique and critical position within insurance organizations, serving as the guardians of regulatory integrity and policyholder protections. Unlike other executive officers whose primary duty is to the company, compliance officers have dual obligations: to act in the best interests of the insurer and, under the Bermuda Insurance Code of Conduct, to safeguard the interests of insureds. This dual responsibility ensures that fair practi

Risk Management v/s Compliance: Where Risk Management Ends and Compliance Obligations Begin: Risk Management: focuses on predicting and...

Risk management is a crucial aspect of the insurance industry, especially for companies dealing with complex and high-value risks. As...

Risk management in the insurance industry is a critical aspect that can make or break a company's success. With the ever-changing...

Reinsurance plays a crucial role in the insurance industry, providing companies with the ability to transfer a portion of their risk to...