Case Name :      Polaris Life Insurance Company: Corporate Governance

Authors :           Lawrie Savage, Norma Nielson

Source :             Ivey Publishing

Case ID :            W1406

Discipline :        Entrepreneurship

Case Length :    14 pages

Solution Sample availability : YES

Plagiarism : NO (100% Original work)

The recently appointed commissioner of insurance for Arlandia, an emerging-market country, is determined to do everything possible to minimize insolvencies and their potential destabilizing effects on the country’s financial system. The commissioner has an urgent need to quickly get up to speed on the Polaris Life Insurance situation. The minister of finance has already fielded inquiries regarding the company’s soundness, and the Arlandia Insurance Authority’s on-site inspectors have expressed deep concern about the company’s investment portfolio. The commissioner now needs to brief the minister of finance about the situation, develop plans for how the insurance authority should proceed and consider recommending additional regulatory changes.