While enterprise risk management has increasingly become a focus of insurance industry senior management, boards of directors and rating agencies, up until now regulators have not entered the fray.

That may change, as I believe it likely regulators will soon begin developing requirements for insurers regarding ERM programs. Why should regulators put ERM into their oversight scheme? There are three main reasons:

o ERM provides a more complete picture of risks and exposures.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.