Page 106 - Risk Management in current scenario

various scenarios through which an insurance company may pass through,
such as any expansion plan. There is also an annual requirement of the
actuarial profession to submit the Financial Condition Report to the Board
and regulator.

Role of the Board
At the current juncture, there are op-portunities for the players to set
their key strategic objectives to leverage risk management benefits in
future when RBC is introduced.

The role of the Board in setting the tone from the top and right risk
culture is also critical, and are like heart and veins of the human body
which cannot function without these two.

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104 | Risk Management in Current Scenario