About Us
Trustees
Policyholders
Purposeful investments
Sustainability
Investors
New & insight
About Us
Trustees
Policyholders
Purposeful investments
Sustainability
Investors
New & insight
Our Board is strengthened by the support of our Board Committees that make sure we deliver effective oversight and leadership. The Board delegates certain aspects of its responsibilities to it six Board committees. These are:
Assist the Board in its oversight of the financial reporting process, the internal and external audit process, the system of internal controls, and compliance with law and regulations.
Responsible for reviewing, evaluating and if appropriate, confirming a Proposed Related Party Transaction as being arm’s length with regard to the Related Party, as well as annually reviewing and approving the business’ new Related Party Transaction Policy.
Assists the Board with oversight and advice in relation to PIC’s strategic customer objectives and regulatory responsibilities, including embedding Consumer Duty (CD) requirements in PIC’s processes and business activities and ensuring a continued focus on the delivery of good customer outcomes.
Assists the Board with oversight of the investment policy and strategy, operation of PIC’s investment portfolio and new business and reinsurance origination.
Assists the Board with a review of the Board and Board Committee composition as well as succession planning for the Board and executive management.
Recommends to the Board the framework and policy for the remuneration of the Executive Directors and other members of the executive management. The Committee also provides oversight of certain people matters.
Provides oversight and advice to the Boards in relation to the current, emerging and potential risk exposure, risk tolerance, and future risk strategy of PIC and PICG. Recommends the overall risk appetite to the Boards and provides oversight of the Internal Model.
The Committee reports are set in the Corporate Governance section of the PICG 2025 Annual Report and Accounts.
