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The Titanic's demise makes a case for ERM today and why staff and workflow management should be part of a company's risk framework.
When it comes to ERM, models are extremely useful. Yet, they can also be dangerous.
Will you get pulled over if you are driving at 68 mph? It depends. Are you in a school zone, where the speed limit is 20 mph, posted with a flashing yellow sign? Are you in a densely populated area, where you are not supposed to go over 40 mph?...
Know your company's risk tolerance to drive an effective ERM program and avoid stagnation.
Insurers voice opinions on the Model Act so regulators can review reporting requirements prior to the implementation deadline. What are they saying?
NAIC's ORSA approach continues to evolve rapidly. Improve your overall compliance and control efforts now.