Cristiano Borean, Generali Group Chief Financial Officer (CFO), has been appointed Chairman of the European Insurance CFO Forum, a high-level discussion group for the Chief Financial Officers of Europe’s leading insurance companies.
Established in 2002, the CFO Forum advocates for its members – representing a significant part of the European insurance industry .
The group ensures that the voices of major insurers are heard during the drafting of financial, prudential, and sustainability regulations.
Borean’s appointment comes at a critical time, given the challenges faced by the insurance industry. Accounting standards, once the domain of back-office specialists, have moved to the forefront of national and supra-national debates.
The decisions that are finally reached in relation to new standards are likely to have a significant impact on daily operations of the European insurance industry.
“Whatever final decisions are made in relation to these and other, similar, standards the European insurance industry must be prepared to implement them in an orderly and transparent way. The CFO Forum therefore exists to help manage this process and ultimately helps provide stability, consistency and transparency for investors,” the CFO Forum states.
Noting: “The CFO Forum’s activities are designed to be complementary to the national and supranational representative bodies of the insurance industry. The CFO Forum helps to provide a focus for practical discussions on the potential impact of any new standards.”
