The
Prudential Regulation Authority has published
Policy Statement 1/18 Strengthening Individual Accountability in Insurance - Optimisations to the SIMR: see
here (
pdf). The statements confirms various changes being made to the
PRA Rulebook in respect of insurers, including requiring the separation of the chief executive and chairman roles at large insurance firms and, for
solvency II firms and
large non-directive insurers, to put in place a policy promoting diversity on the governing body.
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