Insurance

The guidelines on insurance business are divided into core activities and fraud risk.

Core Activities

This chapter provides guidance on sound practices in carrying out insurance business and covers the core activities of product development, pricing, underwriting, claims handling and reinsurance management. It articulates broad principles that should be embedded in a risk management framework covering strategy, organizational structure, policies and procedures for managing risks inherent in these activities. The guidelines contained in this chapter are applicable for both life and general insurance business, unless explicitly stated otherwise.

A full-text PDF is provided below.

Fraud Risk

This chapter provides guidance on sound risk management practices to identify and mitigate direct insurers’ exposure to the risk of insurance fraud. It articulates broad principles that should be embedded in a risk management framework covering strategy, organisational structure, policies and procedures for managing insurance fraud risk. It incorporates the guidelines from the International Association of Insurance Supervisors (IAIS) Guidance Paper on Preventing, Detecting and Remedying Fraud in Insurance.

A full-text PDF is provided at the bottom of this page.

Key Resources

Last Modified on 26/11/2016