On 17 September 2010, the Organisation for Economic Co-operation and Development (OECD) published draft revised guidelines on insurance governance. Whilst these guidelines are still non-binding, it is proposed that they will apply to any insurer licensed to underwrite life, non-life or reinsurance policies. The draft guidelines come about on foot on the publication of an issues paper by the OECD and the International Association of Insurance Supervisors on insurance corporate governance in March 2009. Insurers and other relevant stakeholders are invited to comment on the draft guidelines by 21 October 2010