Governance & Reporting - IPB Insurance

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Governance & Reporting

Our commitment to high standards of corporate governance is led by the Chairman, and supported by the Board, management and all staff

As an A- rated insurer we are driven to deliver optimal performance and return on capital for Members

 

IPB Insurance is rated in the top 500 mutual insurers globally by the International Cooperative and Mutual Insurance Federation (ICMIF).

Stakeholder and financial reporting

2016 IPB Annual Report

2015 IPB Stakeholder Report

2014 IPB Stakeholder Report

2013 IPB Stakeholder Report

2012 IPB Stakeholder Report

2011 IPB Stakeholder Report

2010 IPB Annual Report

2009 IPB Annual Report

2008 IPB Annual Report

2007 IPB Annual Report

 

Solvency II Regulatory Disclosures

IPB Solvency and Financial Condition Report 2016

 

Board Committees

Our Committees complete programmes of work on behalf of the Board and report regularly under clear terms of reference reviewed on an annual basis at a minimum.

2017 IPB Audit Committee

2017 IPB Investment Committee

2017 IPB Risk Committee

2017 IPB Remuneration & Nomination Committee

2017 IPB Board Terms of Reference

 

Credit rating

IPB Insurance is a Standard & Poor’s rated insurer with excellent financial strength and is well capitalised. Our overriding objective is to devise a business model themed on sustainability and built on our proud heritage anchoring our Members at the core of the mutual.

In October 2016, Standard & Poor’s maintained IPB’s rating at A- (Stable) and continues to note the capital and financial strength aspect of IPB’s rating as AAA.

 

Members’ Satisfaction Index (MSI) Survey (2016)

Conducted by Red C Research, the survey is the fourth annual survey of Members tracking satisfaction ratings and trends. Since the launch of the survey in 2013, CEOs of both the local authorities and ETBs consistently rank as the most satisfied Member groups. There has also been a notable increase in the proportion of local authorities’ senior management members, specifically Directors of Service, identifying as very satisfied, an important driver for sustainable Member engagement.

According to the researchers, IPB manages its Members’ expectations well with high satisfaction ratings for the most important metrics, namely ‘understanding your needs’ and ‘quality of cover’. Comparatively to previous years, improvements have been recorded around IPB’s responsiveness and identifiable contact personnel.

Terms of Business

Click here to view IPB’s Terms of Business.