Information Governance In The Insurance & Bonding Entities

A more demanding regulatory environment, with tougher competition and growth in the volume of operations, requires the development of information and communication systems of the Insurance & Bonding Institutions and Mutual Societies' insurance, to ensure the validity, completeness, usefulness and timeliness of its operations and data.

The challenge of managing information in its creation, control, storage, organization and usage will be of enormous importance for the survival and development of any organization.

Within the newly enacted Law of Insurance and Bonding, there are several provisions incorporated that relate to the need of strengthening the information and communication systems to allow management to have a more efficient and effective business, ensuring the foundations that support the requirements of the Solvency scheme and also to ensure transparency and monitoring of the information of policyholders, investors, and the regulator.