Financial interest clauses: viable, useful, but not a panacea

Praveen Sharma, global leader – insurance regulatory and tax consulting practice, Marsh

A financial interest clause (FINC) is not a panacea for issues of compliance and regulation in the context of a global insurance programme, but it is a viable proposition, according to Praveen Sharma, managing director, global leader of the insurance regulatory and tax consulting practice at Marsh. He added that FINCs should be used as a matter of last resort.…

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