EY CRO Survey Preview: Evolution Toward True ERM

With regulatory requirements intensifying and endless technological advances, senior risk management executives for property/casualty insurers face a complex and shifting landscape. As a result, many ...

More Regulatory Uncertainty: Coping With Brexit

Have you ever been skydiving? If, like me, you're a newbie with a healthy fear of jumping out of an airplane thousands of feet above the ground, the trick is to never quite believe it's going to ...

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 ...

A Boardroom Guide to NAIC’s ORSA

The National Association of Insurance Commissioners voted to implement an addition to U.S. insurance regulation known as the Own Risk and Solvency Assessment Model Act back in 2011, but it is this ...

Survey Says: For Many, ERM Is a Capital Idea

As insurers continue to evolve their enterprise risk management systems and controls, and regulators take a closer look, one aspect continues to be clear: Capital is king. A recent study by Standard ...

Practical ORSA Solutions for Challenged Insurers

After much anticipation, Own Risk and Solvency Assessment (ORSA) initiatives are now underway worldwide—taking effect in 2014 in Canada and 2015 in the United States, with similar initiatives ...