Generali Group Chief Financial Officer (CFO) Cristiano Borean has been appointed Chairman of the European Insurance CFO Forum, a high-level discussion group for CFOs of leading European insurance companies.
The CFO Forum was established in 2002 to support its members – representing a significant part of the European insurance industry.
The group ensures that the voices of major insurers are heard when drafting financial, prudential and sustainability regulations.
Borean’s appointment comes at a critical time given the challenges facing the insurance industry. Accounting standards, once the domain of backstage experts, have now moved to the forefront of national and supranational debates.
The final decision on the new standards is likely to have a significant impact on the day-to-day operations of the European insurance industry.
“Whatever final decisions are taken on these and other similar standards, the European insurance industry must be prepared to implement them in an orderly and transparent manner. The CFO Forum therefore exists to help manage this process and ultimately help provide stability, consistency and transparency to investors,” the CFO Forum said.
states: “The activities of the CFO Forum are intended to complement the national and multinational representative bodies of the insurance industry. The CFO Forum helps provide a focus for practical discussions on the potential impact of any new standards.”
