Our view of a company’s ERM practices, informed by interactive discussions with senior management.
Benefits of an
ERM Evaluation:
- Provides a prospective view of an insurer's potential risk profile and change in capital position related to movements in risk drivers.
- Assesses whether an insurer executes risk management practices across the enterprise in a systematic and consistent manner.
- Identify the extent to which its practices effectively limit risks within its appetite to achieve business goals and objectives.
The
ERM Evaluation is
not a credit rating. It is a stand-alone, on-request service and separate from our credit ratings.
The evaluation would include scores on risk culture, risk exposure management, and risk optimization, and scores on subfactors that affect risk exposure management, to arrive at our overall ERM Evaluation.
Our
ERM Evaluation Framework can be accessed
here.
We would assess each of the three sections and then combine our assessments to derive an insurer's overall
ERM Evaluation. The
ERM Evaluation may include descriptive comparisons of an insurer’s ERM practices to a broad set of peers.
If your company focus is shifting from a “cost/benefit” line of thought to a “risk/reward” approach, an
ERM Evaluation may be a helpful tool in responding to current and future challenges.
