| Subject Area | Financial Regulation and Supervision |
| Issuing Body | Organisation for Economic Co-operation and Development (OECD) |
| Date of Issuance | Issued 28 April 2005; revised 19 May 2011 |
| Location | |
| Summary Description |
The OECD Guidelines on Insurer Governance offer a comprehensive set of principles on insurer corporate governance. |
| Detailed Description |
The Guidelines on Insurer Governance are intended to provide guidance and serve as a reference point for insurers, governmental authorities, and other relevant stakeholders in OECD and non-OECD countries. The Guidelines emphasise the following elements: an expected prudent approach to business and financial strategies; a well developed risk culture and risk management and internal control systems, supported by effective and independent control functions and integrated firm-wide reporting; sound compensation arrangements; a high level of financial expertise among board members and within senior management; and policies and procedures that ensure proper treatment of customers and policyholders. The Guidelines complement the OECD Principles of Corporate Governance and the OECD Guidelines for Pension Fund Governance. |