Insurers profit from better corporate governance

Chubb''s Hong Kong CEO Ian Faragher discusses how improvements in corporate governance benefit his business.

Improving corporate governance throughout the region is becoming ever more important to insurance companies that provide director and officers DO liability insurance, says Ian Faragher, CEO at Chubb in Hong Kong.

The good news is that more companies in Hong Kong are interested in DO cover, implying that they are ensuring their governance practices are in line with the law. For insurers, the downside to writing more premiums is that their exposures are also increasing. As a result, Chubb and other insurance brokers are helping corporate managers evaluate their exposures to risk and determine to what extent they need insurance, and where an insurance policy makes false economies.

Corporate governance is in...

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