Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Early this year, PwC issued the results of its 2012 U.S. Insurance ERM & ORSA Readiness Survey, highlighting significant gaps between insurers’ perceptions of their readiness for the National Association of Insurance Commissioners’ (NAIC) adoption of the Risk Management and Own Risk Solvency Assessment Model Act (RMORSA), and their actual, day-to-day enterprise risk management (ERM) practices. The PwC report emphasizes that despite some progress in adopting ERM, most insurers still “need to make significant investments in resources and organizational commitment in order to operationalize the process and facilitate filing a complete and comprehensive report on time.”

The Increasing Need for ERM

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.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.