The NED Blog: Covid-19 is not a solvency issue

Being a non-executive director of an insurance business is never boring but it’s fair to say that navigating the way through the current Covid-19 crisis is a completely new challenge and there are critical lessons that can be learnt from past crisis situations. Michael Gaughan highlights two key issues that should be at the forefront of a NED’s mind at the moment, firstly making sure that their company can maintain capital strength and, secondly, to do the right thing and protect the reputation of the business.

While holding virtual board meetings in our brave new world is a breeze predicting future financial performance, now high on the agenda, is more difficult but not beyond us. We have plenty of stress