Tag Archives: ERM

Unlocking resilience: The four ERM keys

“I found that just surviving was a noble fight” – Billy Joel Most companies want to do much better than “just surviving.” But the world is a dangerous and complex place. Surviving itself may be difficult, but the focus is … Continue reading →

Top 10 ideas insurers include in their risk appetite

In 2016, Willis Re performed a study of 48 (mostly U.S.-based) insurer risk appetite and tolerance statements. Continue reading →

Adaptability is key to ERM

Rain doesn’t know how to find the leak in your roof, yet somehow it does. And even if you take good care of your roof, one day the wind will blow from an unusual direction and the rain will find … Continue reading →

Insurers: Master practical risk management and thrive

Insurers face a critical choice that can separate those that thrive from those that get by. Enterprise risk management (ERM) can be a mere regulatory compliance exercise that satisfies a minimum requirement, or the starting line to a sprint toward … Continue reading →

Alignment is key to ERM

Risk has traditionally played a minor role in the strategic discussions of many firms. Often, planners get risk out of the way at the very start with a discussion of strengths, weaknesses, opportunities and threats (SWOT). Then as quickly as … Continue reading →

2017’s most dangerous risks for insurers

We took a list of over 50 risks commonly found on insurer risk registers, and asked, “Which risks present the most danger to your firm in 2017?" Continue reading →

Discipline is key to ERM

Risk management matters the most when it is the most expensive and most difficult. But unless the regular steps of risk management have already become muscle memory, it is much less likely that you will even think to do your … Continue reading →

Transparency is key to ERM

There are four good reasons to adopt a version of ERM that fits your business; this post is about one of those four reasons - Transparency. Continue reading →

Reinsurance and enterprise risk management

Insurers are in the business of aggregating risk. This makes enterprise risk management (ERM) particularly important to insurers. In addition, insurers have an incredibly flexible and powerful tool available for sculpting their risks: reinsurance. ERM is a very new approach … Continue reading →

Cyber risk for insurers

Cyber risk has definitely stepped off the “emerging risks” list and moved in with the “current risks.”  Not a week goes by without another major news story about some firm or government agency being hacked and losing control over millions … Continue reading →