An increase of risk-based state-level regulatory reviews of insurance companies as well as the recent introduction of the US Own Risk and Solvency Assessment (ORSA) Guidance has generated additional enterprise risk management challenges for those heavily tasked within this area. The NAIC expects US insurance companies to become fully compliant with the US Own Risk and Solvency Assessment by the end of 2013. Key to this compliance effort is the implementation and continual measurement of an Enterprise Risk Management Framework.
By bringing together executives charged with the development and maintenance of an enterprise-wide framework with an increased focus on the reputation and cyber risk buckets, the ERM for Insurance 2012 Conference is intended to disseminate key practices being deployed to evaluate various facets of risk management programs across the insurance industry. In addition, it will offer a unique opportunity to review the required blend of compliance and risk-based strategies necessary to meet international, federal and state mandates while developing greater efficiency across the risk enterprise.
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