ARTICLE · 23 JANUARY 2015

Governance And Risk Management Framework For Insurers

Clyde & Co

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The Registrar of Insurance recently published the Governance and Risk Management Framework for Insurers which is intended to provide for enhanced requirements for the South African insurance industry.

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Hannes Marais

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The Registrar of Insurance recently published the Governance and Risk Management Framework for Insurers which is intended to provide for enhanced requirements for the South African insurance industry

The Registrar of Insurance recently published the Governance and Risk Management Framework for Insurers ("GRMF"). The GRMF is intended to provide for enhanced governance and risk management framework requirements for the South African insurance industry and takes effect on 1 April 2015. More particularly, the GRMF is intended to ensure that South African insurers implement effective governance and risk management frameworks that provide for the prudent management and oversight of their businesses and adequately protects the interests of its policyholders.

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