WAICA Re governance philosophy is anchored in the principles of transparency, accountability, and ethical conduct. The approach is centred on ensuring that all business operations are managed with integrity and in compliance with both internal policies and external regulations. This governance framework is designed to protect the interests of stakeholders, including clients, employees, shareholders, and the communities in which the reinsurer operates.
Our governance approach involves a well-defined structure of oversight, with clear roles and responsibilities for the board of directors, executive management, and various committees such as audit, risk management, and compliance. These bodies are tasked with overseeing the strategic direction of the company, monitoring performance, and ensuring that risks including sustainability risks and opportunities are appropriately identified, assessed, and managed
Particularly, we emphasise the importance of an independent and diverse board, which provides a range of perspectives and robust challenge to management decisions. Regular evaluations of board effectiveness, along with ongoing training and development, ensure that governance practices evolve in line with emerging risks and industry best practices.
Our policies include structures and protocols for managing issues such as data protection and privacy, insider trading, conflicts of interest, and whistleblowing, all of which are crucial for maintaining high ethical standards and fostering a culture of trust and integrity. Through this comprehensive governance philosophy, we demonstrate our commitment to upholding the highest standards of corporate conduct, thereby securing our reputation and long-term success.
Please contact esg@waicare.com should you wish to view summaries of our policies.
