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Short-Term Insurance Act, 1998 (Act No. 53 of 1998)

Board Notices

Notice on Governance and Risk Management Framework for Insurers, 2014

Part 4 : Risk Management System

20. Operational risk management policy

 

The operational risk management policy must set out the approach to the identification, assessment, monitoring, management and reporting of relevant operational risk exposures (including the risks associated with inadequate or failed internal processes, people or systems, or from external events).

 

 


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