First Consulting & Administration, Inc. announces a new ERM product that can help any insurance company in any line of business to jump start their ERM process.
The release of the Enterprise Risk Management Starter Kit is timed to assist insurance companies that need to get their ERM program ready for compliance with the new National Association of Insurance Commissioners (NAIC) Model Own Risk and Solvency Assessment (ORSA) Law, which some states have already approved with a January 1, 2015 effective date.
Because of the increasing pressure of states adopting ORSA requirements to broaden risk focus to include operational as well as financial risk, First Consulting designed this package for all size companies. Client companies receive a full complement of guides, directions, and templates that provides the framework within which they can document and make use of their existing risk protocols and manuals, thereby helping identify gaps.
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