NU Online News Service, Sept. 27, 2:19 p.m. EDT
While progress has been made in the area of enterprise risk management over the last decade, there is still improvement to be made, according to A.M. Best Co.
In a special report, Oldwick, N.J.-based A.M. Best notes that economic-capital models, more sophisticated catastrophe management and dynamic financial analysis are among the tools U.S. property and casualty insurers have used over the past 10 years to step up implementation of ERM.
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