A decision by Standard and Poor's ratings, to add enterprise risk management to its criteria for positive ratings of non-financial companies, is a "coming of age" for ERM, a consulting firm said.
Towers Perrin said it expects a broad range of companies will now make ERM a standard part of business or risk rating downgrade.
The consultants said the S&P move indicates ERM has arrived as a factor in the business world, which according to several surveys has been slow to adopt the system.
Recommended For You
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
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.