Decision Question This Instrument Addresses
"Have we accurately remapped our regulatory compliance posture following the consolidation of authority from CHI to the Insurance Authority – and are we operating on a current governance model or a stale one?"
Each dimension targets a specific failure mode that causes decisions of this type to go wrong. The instrument surfaces the gaps most likely to be consequential: not maturity against an idealised standard.
Authority Mapping Accuracy
Has your organisation produced an accurate, current map of which regulatory functions have transferred to the Insurance Authority, which remain distributed, and which are still being operationalised?
Capital Adequacy Positioning
Has the doubling of risk-based capital requirements been formally assessed at board level – and does your capital plan and strategic roadmap reflect the new framework?
Compliance Relationship Reconfiguration
Have your regulatory engagement processes, filing obligations, and compliance workflows been updated to reflect a single consolidated authority: rather than the legacy distributed model?
Regulatory Risk Concentration
Does your risk register account for the concentration effect of a single regulatory relationship – where a compliance failure or enforcement action now carries greater systemic impact than under the previous distributed structure?
Transition Monitoring
Is there a mechanism in place to track ongoing regulatory issuances from the Insurance Authority, flag material changes, and translate them into operational compliance actions within a defined timeframe?
Typical Audience
Insurance company CEOs and CFOs, Compliance Officers, Board Risk Committees, General Counsel – applicable to all organisations operating under Insurance Authority jurisdiction