Is your organization at risk? A different look at enterprise risk management

Is your organization at risk? A different look at enterprise risk management
Document type
Corporate author(s)
Towers Watson; CSC
Towers Watson
Date of publication
1 March 2010
Management & leadership: including strategy, public sector management, operations and production, Trends: economic, social and technology trends affecting business
Business and management
Material type

This item is only available to registered users

Register now or Log in

Your use of this content is subject to the terms and conditions of this portal

This report gives risk management executives and other life insurance and annuity leaders greater insight into industry trends and identifies the success drivers that should be considered when executing and refining an enterprise risk management (ERM) framework. Today’s market conditions present an opportunity to assess ERM practices within the life insurance industry. The events in the second half of 2008 sent unprecedented shockwaves throughout the industry as insurers braced to manage risk associated with capital ratios, credit spreads and capital market fluctuations. CSC and the American Council of Life Insurers (ACLI) have worked together over the past five years to advocate a better understanding of insurance issues. In 2009, ERM was identified as a key issue facing life and annuity companies. The two organizations teamed with Towers Watson, a recognized leader in risk management, to survey ACLI members on risk management practices. The research centred on identifying and sharing industry ERM best practices and ways technology can help those carriers improve practices and get a clearer view of overall risk exposure. The fact base for the analysis consisted of focus groups held in March 2009, combined with a 54-question survey concluded in November. Overall, approximately 40 fleets and independents participated directly in the effort. Participants included both large and small life and annuity carriers, with revenues ranging from less than $100 million to more than $10 billion. Both stock and mutual companies participated in the effort.

Related to Management & leadership: including strategy, public sector management, operations and production

The invisible drag on UK R&D: how corporate incentives within the FTSE 350 inhibit innovation

Downloadable paper looking at the incentive packages of FTSE 350 firms

The myth of shareholder stewardship: how effectively do shareholders oversee FTSE 100 CEO pay?

Downloadable briefing on the voting patterns of shareholders on FTSE 100 CEO pay

The what, the why and the how of purpose: a guide for leaders

Downloadable white paper defining what organsiational purpose is and how it can help drive performance.

21st century leaders: building employability through higher education

Downloadable report looking at what employers think should be done to help prepare students for working life.

More items related to this subject