Embedding ERM in Insurance: Making It Happen

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Insurers make it their business to understand risk, which is why they have been leaders in recent years in the efforts to develop and implement enterprise risk management (ERM) techniques.

And yet, we've witnessed the unprecedented collapse of some industry giants. These failures have raised troubling questions. Does ERM really work? How can companies get the most reward from risk without compromising their financial strength?

Insurance companies remain convinced that enterprise risk management delivers rewards, but many continue to struggle with integrating ERM into their business.

Thought leadership series

We help our clients implement enterprise risk management and use it to make important strategic decisions. To explain our ideas in depth — and to show how we can help your organization — we are launching a new thought leadership series of articles and videos for insurers interested in embedding ERM.

The series begins with a background discussion of why integrating ERM into the business is proving to be such a challenge. In the remainder of the series, We explore in depth three areas that are pivotal for companies when integrating ERM into their business practices: risk appetite, economic capital and risk-based performance management.

Embedding ERM: A Process of Evolution

• Article: Embedding ERM: A Process of Evolution
• Video: Embedding ERM: A Process of Evolution

Risk Appetite: The Foundation of ERM

• Article: Risk Appetite: The Foundation of Enterprise Risk Management 
• Video: Embedding ERM: Defining Your Risk Appetite
• Video: Embedding ERM: Applying Risk Appetite to Decision Making
• Recorded Webcast: Articulating Risk for Everyday ERM

Consistent Performance Measurement

• Podcast: Consistent Performance Measurement 
• Article: Consistent Performance Measurement: Aligning Risk, Capital and Value 

Capital Management

• Article and Podcast: Coming Together: Capital and Risk Management 
• Video: Embedding RiskAgility™ Economic Capital Aggregator