Insurers are faced with numerous legal, sometimes highly complex requirements and regulations. Monitoring this compliance is also necessary, implying liability and damage to a company’s reputation in the case of legal violations. Thanks to decades of work in consulting on all legal questions facing an insurer, we are intimately familiar with your specific challenges, especially in the sensitive field of compliance.
The interplay of corporate and regulatory requirements further complicates the situation for insurers further. In this respect, it is important for your company to establish an efficient and effective system that implements specifications and monitors their compliance.
The personal and professional demands on all corporate leaders are growing. In addition to the Executive Board and those directly involved in compliance, the Supervisory Board also faces specific new challenges in monitoring and advising the management in the organisational implementation of the legal requirements as well as identifying, organising and controlling new areas of responsibility for their legally compliant application. All parties are implicated in the decisive issues of risk and quality management, the requirements for the Supervisory Board, antitrust law, IT and data protection, remuneration systems (in particular of the Executive Board) as well as money laundering and terrorism prevention, but also increasingly the question of the appropriate consideration of sustainability issues and risks.
We support you by answering your individual questions either on a project-related or permanent basis. Specialised lawyers are at your side in an advisory capacity to analyse and significantly reduce risks through appropriate risk management. We support you in the implementation of a compliance system, definition of reporting lines and responsibilities for you and anchoring the requirements for legal compliance in your business principles (Code of Conduct and Corporate Governance).
Our portfolio includes the following services in the area of compliance:
- Creation of a “benchmark” of your firms’ concepts, unique systems and guidelines.
- Consultant controlling of already established structures and guidelines, in particular regarding the requirements of Solvency II.
- Assignment of individual or all compliance tasks to an external compliance officer.
- Compliance training, either via e-learning, training, face-to-face or other conversation strategies.
- Providing training through specialist lawyers for supervisory boards.
- Expert assessment of specific compliance matters.
