As part of its Solvency Modernization Initiative (SMI), the National Association of Insurance Commissioners over the last 15 months has been developing requirements for all insurance companies regulated in the U.S. to conduct an Own Risk and Solvency Assessment (ORSA) and report their enterprise risk management (ERM) practices and related...
Why are horror movies like risk models? Horror movie plots establish a model of "what are the potential outcomes that could happen" in extremely risky or perilous situations.
Why are horror movies like risk models? Horror movie plots establish a model of "what are the potential outcomes that could happen" in extremely risky or perilous situations.
Risk and compliance professionals often struggle with the nitty-gritty details of monitoring, but crafting a winning strategy is easier than you may think.
Too often, it seems as if a companys compliance department and its staff documenting company-wide ERM controls are on two different teams engaged in a tug-of-war, competing for attention and resources.