Ferma Blog 6: How understanding a management system can help the insurance industry
28th September 2011
Ferma Blog 6: How understanding a management system can help the insurance industry
Björn Müller, Managing Director of Lloyd’s Register Quality Assurance Germany & Switzerland
Interviewer: What has been the relationship or connection between third party assessment and certification, and the insurance industry to this point?
Björn Müller: Some people in the insurance industry do know that there are – for example – IT security standards like ISO27001 available but they don’t want to rely on it because mainly insurance companies are fearful that this can only lead to a reduction in premiums. But this fear is not appropriate because this can lead (and lots of discussions that LRQA has had with the insurance industry in the recent period) to a greater understanding of what a management system is and how it can really help the insurance industry.