Senior managers and key function holders who are subject to the
new Senior Insurance Managers Regime (SIMR) (in force from Monday 7
March 2016) will be concerned to ensure that not only the firms for
whom they work are in the best possible position to obey the new
rules, but also that they are protected from any personal
liability. Firms can help their managers from inadvertently
breaching the rules by putting in place certain policies and
procedures.
This briefing, aimed at HR managers, legal and compliance is the
last in a series of six briefings setting out key action points for
HR and compliance teams leading up to the implementation dates of
the SIMR as it relates to Solvency II firms. In this
briefing, we set out below a checklist of how HR can help senior
managers protect themselves, and therefore the firm from breaching
the rules. This briefing is best read in conjunction
with our previous briefings (in particular
week 3 which gives some background to the
