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

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
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.