Enterprise Risk Management News
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 ...
NAIC Working Group Recommends Bermuda as Qualified Jurisdiction
A working group of the National Association of Insurance Commissioners (NAIC) has recommended the Bermuda Monetary Authority (BMA) for approval as a "qualified jurisdiction" under the NAIC's ...
Managing Risk Amidst a Sea(son) of Change
It is hard not to notice that the business environment for property/casualty insurers has changed the past few years. Profound changes, including an evolving regulatory construct and the rise of "big ...
Top 10 Questions Boards Should Ask About Enterprise Risk Management
Board members are being asked to play a larger role in risk governance. Regulatory requirements, rating agency criteria and evolving management practices are increasing the volume and frequency of ...