ERM News
P/C Carrier ERM Programs Need Strategic Risk Analysis, Scenario Testing
Whether an insurance company's leadership seeks to sustain or improve performance, accelerate growth, or simply survive in an increasingly challenging and dynamic environment, they need a sound ...
PwC Board Survey: Majority of Large Insurers Have Risk Committees, CROs
Property/casualty insurance company senior executives aren't the only carrier leaders overwhelmed by multiple demands on their time. Members of P/C insurer boards of directors are similarly ...
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 ...
How to Develop a Robust Risk Appetite Statement
In a recent Own Risk and Solvency Assessment webinar conducted by FTI Consulting, more than 50 percent of attendees stated they had not adequately defined risk appetite as part of their ORSA ...
S&P Says Growth Still the Biggest Factor in Carrier Exec Comp
More than 50 percent of insurers use growth as a key metric to set executive compensation, according to a recent report. The report by Standard & Poor's Rating Services summarized findings of an ...
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 ...
Inadequate Shareholder Disclosure and Other Killer Risks
While most of the killer risks that can torpedo a company exist within the walls of the organization, the deadliest—in terms of its hidden impact—relates to external communications, a risk expert ...
Talent Risk: A Killer Torpedo?
The most gifted professionals in property/casualty insurance organizations can also be the ones to bring those organizations down if carriers don't employ valued-based ERM processes to manage talent ...