INTRODUCTION ON ETHICS AND CORPORATE GOVERNANCE FRAMEWORK FOR INSURANCE COMPANIES :

Ethics, also known as moral philosophy, is a branch of philosophy that involves systematising, defending and recommending concepts of right and wrong conduct. The term comes from the Greek word ethos, which means “character”. Following ethics in business is fundamental to the long term success of any business. While success may come in the short term by businesses resorting to unethical means, in the long run doing the right thing will bring in success.