IAIS Insurance Core Principles (ICPs) 7.10: 7.10 Senior Management runs operations within the culture and strategy, promotes risk management, compliance and fair treatment, informs the Board and keeps orderly records

The insurer must ensure that Senior Management carries out day-to-day operations effectively within the corporate culture, objectives and strategies and the insurer's long-term interests, promotes sound risk management, compliance and fair treatment of customers, gives the Board adequate and timely information to monitor performance, risk exposures and management itself, and maintains adequate and orderly records of the insurer's internal organisation.