Managing agents should ensure syndicate investment risk is effectively controlled, informed by wider business strategy and adheres to the Prudent Person Principle (PPP) requirements.
To support this, managing agents should ensure their syndicates:
Managing agents should ensure syndicate investment risk is effectively controlled, informed by wider business strategy and adheres to the Prudent Person Principle (PPP) requirements.
To support this, managing agents should ensure their syndicates:
Have a clear articulation of investment objectives and risk appetites, with rationale having regard to high level business or solvency strategy
Have clear investment parameters and guidelines with robust processes to monitor and report positioning against limits
Integrate investment stress testing into investment management
Ensure investment performance and risk, including that of outsourced arrangements, are effectively overseen through monitoring and reporting
Develop and embed a Responsible Investment Policy
Have Asset-Liability Modelling (ALM) capabilities consistent with Use Test Principles
Have robust investment governance
The Maturity Matrix for Investments is available within the Principles and Maturity Matrix document, which can be found on our Principles for doing business at Lloyd’s page.