Question

What is the recommended reporting structure for the Investment Department in an insurance company?

a.

The Chief Investment Officer (CIO) reports to the CFO (Chief Financial Officer)

b.

The CFO reports to the CEO (Chief Executive Officer)

c.

The Front Office, Mid Office, and Back Office report directly to the CEO

d.

The CFO and CIO report to the Chief Risk Officer

Answer: (b).The CFO reports to the CEO (Chief Executive Officer) Explanation:The Front Office headed by the Chief Investment Officer (CIO) reports to the CEO, while the Mid Office and Back Office, with separate responsible officers, are under the supervision and control of the CFO.

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Q. What is the recommended reporting structure for the Investment Department in an insurance company?

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