Regulatory AlertsGuidelines on Ceded Reinsurance/Retrocession
The Polish Financial Supervision Authority (KNF) issued guidelines in 2014 establishing mandatory standards for the management of ceded reinsurance and retrocession by insurance and reinsurance undertakings. The document requires institutions to implement robust risk management systems, define clear governance responsibilities for the Management Board and Supervisory Board, and maintain comprehensive internal controls and reporting procedures. These measures aim to ensure financial stability, adequate capital buffers, and the proper identification and mitigation of risks associated with reinsurance contracts.
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