2024 Insurance Company Audit Committee Agenda
A rapidly changing industry demands a more active insurance company board
Explore the challenges faced by insurance audit committees in 2024.
Today鈥檚 rapidly changing insurance industry calls on insurance company boards to take a more active leadership role this year. Oversight of risk will be challenging with industry-specific and geopolitical risks to new risks from the digital world, including cybersecurity, data privacy, and generative artificial intelligence (GenAI).
Drawing on insights from our board leadership center, we highlight seven key issues for insurance companies to keep in mind as audit committees consider and carry out their 2024 agendas:
- Focus on financial reporting and internal controls
- Reinforce audit quality and compliance oversight聽
- Regulatory-driven sustainability reporting landscape highlights the importance of data quality
- Step up oversight responsibilities of generative AI
- Ensure internal audit focuses on key risks
- Target fallout from leadership/talent vacuum聽
- Sharpen insurer鈥檚 focus on ethics, compliance, and culture
Dive into our thinking:
2024 Insurance Company Audit Committee Agenda
Download PDFExplore more insights
Insight
On the 2024 audit committee agenda
Eight issues for audit committees to keep in mind as they carry out their 2024 agendas.
Event
36th Annual Insurance Industry Conference
Embrace today. Elevate tomorrow.
Insight
The impact of artificial intelligence on the insurance industry
Harnessing generative AI to transform insurance
Meet our team
