Enterprise risk management continued to move more toward the mainstream in Corporate America this year, with its implementation being driven by anxious boards and by CEOs more acutely aware than ever of the need to understand and mitigate existential threats.

This increasing stature of the concept, especially at Fortune 1000 firms, is good news for risk managers: It means greater recognition of the strategic contributions they can make, and ERM's growing acceptance should open up more opportunities for risk managers to consult with a company's top decision-makers.

In our own insurance industry, ratings agencies are helping push the practice of ERM further up the C-suite "Must Do" list.

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.