Here's why you haven't seen many CEOs and senior execs recently
Insurers have been buried in work recently. Here on Good Returns, you can find an interview with Naomi Ballantyne, CEO, Partners Life, in which she talks about the effect of the effort required to respond to the FMA/RBNZ’s conduct and culture investigation.
The pressure is real, and it is being felt by every single insurer from large to small, from niche to mass market. Although you may find it hard to feel an awful lot of compassion for companies worth, typically, hundreds of millions of dollars, I invite you to feel some fraternal concern for the people that work in them.
If you’re wondering why you haven’t seen much of the life insurance sectors’ CEOs and senior leadership teams recently, this is why:
In addition to the conduct and culture review, there are two major consultations going on right now, with tight timeframes. The first is the Conduct of Financial Institutions options paper, the second is the Insurance Contract Law options paper.
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