Should Company Size Determine a Carrier’s ERM Practices?
Gather a group of 20, 30 or even 50 P/C insurance executives in a room and ask, "Who here wants their company to miss achieving its strategic goals?" or "Who wants to ...
ERM News
Enterprise Risk Management Secrets for Long-Term Company Growth
If my conversations with property/casualty insurance executives are any indication, many leaders view enterprise risk management (ERM) as simply an exercise for complying ...
The Merger of Strategy and Risk: Understanding the Why
Over the last few years, research has shown that an increasing number of employees want to understand the "why"—or otherwise have purpose—behind what they do to be ...
Do Your ERM Practices Need Updating?
Immediacy or necessity has a way of sneaking up on us and getting our attention.
This principle is true across the board.
Robust ERM Programs Vital as Risks Evolve: Report
Though most insurance companies feel their enterprise risk management (ERM) programs are operating at a robust level, rising economic risks and claims costs and the increasing severity and frequency ...
ILS for Casualty: The Backstory of Ledger Investing
In the aftermath of Hurricane Andrew's $15.5 billion in insured losses in 1992, insurance-linked securities emerged to distribute a portion of future property-catastrophe risk to investors. At the ...
How to Achieve Organizational Goals With Scenario Planning
Even if they are never laid out in a formal document, every company is going to have strategic goals. After all, no executive is going to say that they don't want their company to grow or otherwise ...
Taking a Growth Pause: Preparing for Long-Term Success
When you are in the early stages of starting your company, your one focus is to get things rolling. To do that, you prioritize: raising capital, getting your Certificate of Authority, obtaining ...
Pre-COVID, Cybersecurity Tops Insurer Ranking of Dangerous Risks
When Willis Towers Watson asked more than 100 insurance industry executives to select what they thought would be the most dangerous risks to impact their businesses in the coming year, they ranked ...
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 ...