IAIS Insurance Core Principles (ICPs)
ICP 7: Corporate governance – IAIS Insurance Core Principles (ICPs)

IAIS Insurance Core Principles (ICPs) 7.6: 7.6 A written remuneration policy that does not induce excessive risk-taking, covering the Board, management, control functions and major risk-takers

The Board must adopt and oversee a written remuneration policy that does not induce excessive or inappropriate risk-taking, aligns with the insurer's culture, objectives, strategies, risk appetite and long-term interests with proper regard to policyholders and other stakeholders, and covers at least Board Members, Senior Management, Key Persons in Control Functions and other employees whose actions materially affect the insurer's risk exposure.

Maintained by Gerard BlokdykControl text last updated

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