AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

The whole truth concerning ERM: a holistic approach matches underwriting risk with financial and operational stragegies.(Property/Casualty: Underwriting Insight)

Best's Review

| February 01, 2008 | Coyne, Frank J. | COPYRIGHT 2008 A.M. Best Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Assessing, controlling and monitoring risks across the enterprise can be a daunting challenge. How will enterprise risk management teams address complex, interdependent issues associated with the evolving nature of insurer risk in the 21st century?

To master the new art and science of ERM, property/casualty insurers must adopt innovative strategies to manage risk.

Historically, there have been two sides to risk management for property/ casualty insurance companies: financial and operational.

Finance-focused risk management works to analyze and control risks in bonds, equities and other investment instruments and foreign exchange. It also seeks to align assets with liabilities and focus on the timing of payouts and maturities. The analysis in this context is derived from archetypal financial risk management standards.

Operations-focused risk management generally tackles insurance enterprise exposures. It brings risk mitigation strategies to bear in order to control enterprise risks, including those associated with product obsolescence, regulation, natural hazards, competitive dynamics, employee retention and business continuity.

Related articles from newspapers, magazines, journals, and more
MIB Solutions to Provide Underwriting Consulting Services; Underwriting Risk...
Press release article from: PR Newswire June 9, 2008 700+ words
...consulting services, Underwriting Risk Management Solutions (URMS...mibsolutions.com/urms). Underwriting Risk Management Solutions pairs high...their new business. Underwriting Risk Management Solutions extends this...
MapInfo Introduces RiskReview to Help Insurers Improve Risk Management;...
Press release article from: Business Wire April 20, 2004 700+ words
Business Editors/High-Tech Writers RIMS 2004 Annual Conference & Exhibition SAN DIEGOBUSINESS WIREApril 20, 2004 MapInfo Corporation (NASDAQ: MAPS), the leading provider of location intelligence solutions for the enterprise, today announced the release of RiskReview(TM), a new exposure tracking
Bridgingloans.com achieves record breaking levels of loan completions; Reflects...
Press release article from: M2 Presswire September 4, 2008 700+ words
...bridging finance; Emphasises company's robust underwriting, risk management and assessment procedures(C)1994-2008...term financing. Bridgingloans.com has strict risk management and assessment procedures, showing that at...
Arch Insurance Group Names Dennis Brand Executive Vice President, Corporate...
Press release article from: Business Wire June 15, 2006 700+ words
...Executive Vice President, Corporate Underwriting and Risk Management. In his new role, Mr. Brand will assume responsibility...Arch Insurance Group's corporate underwriting and risk management functions in addition to ceded reinsurance which...
CNA Study Analyzes Professional Liability Claims, Offers Risk Management...
Press release article from: Business Wire December 6, 2007 700+ words
...claims, CNA developed risk management recommendations to aid...quality improvement, risk management and patient safety principles...s services include risk management, information services, underwriting, risk control and claims administration...
CNA HealthPro Provides Healthcare Risk Management Resources.
Press release article from: Business Wire April 21, 2009 700+ words
...client bulletins and risk management resources. All materials...and risk issues, and risk management strategies. * Pharmaceutical...s services include risk management, information services, underwriting, risk control and claims administration...
CNA Study Analyzes Professional Liability Claims, Offers Risk Management...
Press release article from: Business Wire November 30, 2006 700+ words
...data, CNA developed risk management recommendations to aid...quality improvement, risk management, infection control...s services include risk management, information services, underwriting, risk control and claims administration...
CNA Announces Agreement To Sell Unbundled Risk Management Claims Business.
Press release article from: Business Wire April 2, 2003 700+ words
...variety of innovative risk management services that focus...adjusting, appraisal and risk management services through a network...CNA services include risk management, information services, underwriting, risk control and claims administration...
For more facts and information, see all results
©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA