After Generali and Axa, Ivass inspectors in Unipol | EUROtoday

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After Generali and a transfer to Axa, the flip of the Unipol group has arrived. From what we’ve got realized, Ivass truly knocked on the door of the insurance coverage business final spring. In this regard, affirmation of the presence of inspectors in its workplaces comes from the corporate.

Ivass inspectors

The motive? A survey of the group’s governance system. Reconnaissance which continues to be underway and which ought to proceed not less than for the complete month of January. All the our bodies that contribute to the governance of the corporate would have ended up below the microscope, from the committees to the board of administrators, clearly passing by the highest figures. With the renewal of the boards within the spring of 2022 each upstream and downstream, subsequently each in Unipol and UnipolSai, the management construction has modified. In explicit, the historic CEO, Carlo Cimbri, grew to become president of the insurance coverage holding and the subsidiary, whereas Matteo Laterza took on the position of common supervisor in Unipol and CEO in UnipolSai. A brand new authorities that will now find yourself being examined by the Authority which has been notably attentive to governance dynamics for a while, as demonstrated by the lengthy inspection within the workplaces of the Leone di Trieste, following the conflict between the members. An inspection which on the time didn’t result in any sanctions however to a collection of findings.

New guidelines on governance

On the opposite hand, with the regulation of July 2018, Ivass needed to outline a transparent framework relating to the principles to be revered relating to the administration of insurance coverage teams. And it did so with the goal «of guaranteeing an ample organizational construction (additionally when it comes to knowledge administration system and IT techniques), a transparent project and distribution of duties and duties, an ample dialectic between the completely different actors of the system , in addition to the strengthening of the centrality of the executive physique when it comes to the individual in the end liable for the governance system”, as written in the report accompanying the regulation. From this perspective, it also decided to define the role of the president who, «in line with the discipline dictated in the banking sector», must «ensure the good functioning of the collegiate body, encouraging internal dialectics between delegated and non-delegated members and ensuring the appropriate balance of powers; consistently with the tasks relating to the organization of the body’s work assigned to him by the civil code, the president normally has a non-executive role and does not carry out any management function”. (L.G.)