CRO Circle

We are delighted to announce the next meeting of the CRO circle in the boardroom  of Chartered Accountants House on Tuesday, 4th February 2020 at 4.00 pm – 6.00 pm.

The Society’s fourth CRO circle was held on Wednesday, October 2nd at the Marker Hotel.  Attendance included a good cross-section of the  CROs of Ireland’s Insurance and Reinsurance companies.  Topics discussed:

𝟭. 𝗕𝗿𝗲𝘅𝗶𝘁 – How are we allowing for this in the ORSA, considering both financial and non-financial risks and short vs long term implications? 

𝟮. 𝗖𝗼𝗻𝗱𝘂𝗰𝘁 𝗥𝗶𝘀𝗸  – Is this the role of the risk function or compliance function? What is the best way to manage and monitor?

𝟯. 𝗥𝗶𝘀𝗸 𝗙𝘂𝗻𝗰𝘁𝗶𝗼𝗻 𝗦𝗲𝘁 𝗨𝗽 – How to ensure the CRO role is a Value Adding role in the business & not just to comply with regulation?

In a survey taken after the last meeting the following topics (amongst others) were noted as being of interest for further discussion:

•             CBI senior executive accountability regime - CRO implications;

•             Recovery and resolution planning; and

•             Low Interest rates.

Volunteers to facilitate on any of these topics will be welcome. We will update with the actual discussion topics and facilitators in the new year.