By: Denise Tessier
Enterprise risk management (ERM) has become one of the most important and valuable management tools for insurance companies. Increased focus on ERM by regulators, auditing firms, and rating agencies has heightened pressure on carriers to adopt robust ERM programs. Recent developments at both the state and federal level in 2012 will drive ERM initiatives further. What does this mean for an insurer’s compliance function, as a main pillar of the ERM framework?
This Whitepaper will review current regulatory drivers of ERM, the fundamentals of the enterprise risk review process, and the challenges and opportunities companies are facing while trying to integrate traditional compliance activities into a larger ERM program, highlighting the increasingly visible role of the Compliance professional.
Continue reading here: ERM & the Compliance Professional