Enterprise Risk Management News
Insurers Increasingly Leverage Reinsurance & Cat Models for Strategic Risk Management
With competitive reinsurance rates and abundant capacity, many insurers are choosing to expand their strategic reinsurance purchases to mitigate earnings volatility and better manage their capital. ...
Predictive Analytics Help Commercial Lines Insurers Boost Profit, Reduce Underwriting Volatility: A.M. Best
The increasing use of predictive analytics among commercial lines insurers has helped improve their bottom lines and led to more balanced underwriting cycles, A.M. Best concluded in a new special ...
CROs Will Become Key in Hacker Attack Battles, and Other Aon Cyber Predictions
As cyber attacks increasingly threaten business and grow in volume and scale, companies will be forced to take new measures to address cybersecurity risk holistically, integrating it more ...
How Risk Management Can Fuel Innovation
We generally do not tend to think of innovation and risk management as compatible themes. Innovation conjures up images of bold new ideas, thinking outside the box, disrupting established ways of ...
Reinsurers Successfully Protect Themselves With Strong Enterprise Risk Management: S&P
The reinsurance sector's focus on strong enterprise risk management (ERM) frameworks is helping them weather the many headwinds hitting both the asset and liability sides of their balance sheets, ...
Insurer Risk Management: Time for the KISS Approach
Just about every insurance organization on the planet has a variety of siloed systems and methodologies in place to help cope with decades of increasing regulations and other risk-related challenges. ...
Stress Testing Your ERM Initiative: Is It Delivering What You Need?
Solvency regulation has entered a new phase in the insurance industry as in-depth, forward-looking insurer self-assessments replace reviews of past balance sheets in states where Own Risk and ...
Towers Watson: Global Insurers Increasingly Rely on Enterprise Risk Management
Close to 75 percent of global insurers insist they use enterprise risk management regularly to evaluate their business strategies, according to a new Towers Watson survey. At the same time, carriers ...