For many organizations, investment in leadership and leadership development remains a leap of faith, informed through gut instinct and the current rhetoric on the value and significance of leadership in organizations.
They also noted that disclosure requirements were lacking in areas such as asset-liability management, descriptions of risk concentration and the interaction between capital adequacy and risk exposures – in other words were not comprehensive. The IMF recommended improving insurer disclosure in a number of areas, including ways to improve solvency information to make it easier to compare across insurers and between subsidiaries and branches.