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Survey Results: Enterprise Risk Management in the Insurance Industry

Source: Mash Risk Television

Towers Perrin
Linda Chase-Jenkins, Co-Head of Insurance ERM

Runtime: 7:40

Survey results are from Towers Perrin’s Fifth Biennial Global ERM Survey “Embedding ERM — A Tough Nut to Crack”

Key Takeaways:

  1. 359 CFOs, chief actuaries and CROs participated, making it the largest global survey on ERM in the insurance industry.
  2. Key Findings:
    • Embedding ERM is proving to be a significant challenge
    • Size matters in ERM; larger insurers are significantly more advanced in most aspects of ERM
    • European insurers are better positioned
    • ERM is influencing decisions
    • Economic capital standards are emerging
    • Operational risk remains a weak spot
  3. Click here for a copy of the survey findings

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