Blog: Don't rest on your SIMR laurels
After the flurry of activity ahead of the various Senior Insurance Managers Regime deadlines, some firms might have concluded that implementation is complete and it is now possible to relax into business-as-usual mode. However, major ongoing and future challenges to the industry remain.
Since 1 January, UK-regulated insurers have been required to maintain an internal governance map, with failure to do so leading to potentially serious and financially painful consequences.
The map
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