INTRO Finally, for all the right reasons, ESG has gained the attention the topic deserves. In this post, I look at Insurance and ESG from a change management perspective. How can an insurer approach and manage the challenges and opportunities that ESG creates? If you prefer to watch a videocast of this blog, then head… Continue reading Insurance and ESG: challenges and opportunities
constant dripping wears away the stone I’m constantly praising the tangible business benefits of good ERM. A number of blogposts here and on other social media are testimony to this. Until a few month ago, I felt like the proverbial “lonely prophet”. A lot of ERM-related publications had a distinctive retro- / crisis-touch to it… Continue reading ERM – More on the Benefits
ERM done – so what I’ve shared some technical and practical considerations about ERM in a few previous blogposts. This episode addresses the most important topic: “ERM done – so what”. Whenever I talk about Enterprise Risk Management, I emphasize on its tangible benefits. ERM is about managing downside and creating opportunity. The picture below… Continue reading ERM – The Benefits
another new normal? “The New Normal” is a popular theme in the insurance industry. What does it actually mean? And how do ERM and the New Normal go together? The word “new” implies that matters have changed – so far so good. What about the term “normal”? One meaning of the word “normal” is “as… Continue reading ERM and THE NEW NORMAL
What??? Of course ERM is not dead, much to the contrary: recent studies show a strong correlation between the quality of a company’s ERM and the stock price. The correlation appears to be worth up to 25% better company valuation. That is serious money!! However, wide-spread perception associates something negative with the word “risk”. If… Continue reading ERM is dead – long live EROM !
I was @PARIMA Conference in Kuala Lumpur: a great showcase of the industry’s capabilities and an inspiration for me with regards to the journey ahead of the risk management community in Asia. Have a look at the organiser’s website here.
the benefits are measurable Enterprise Risk Management is viewed favorably by rating agencies, stock exchanges, regulators and other stakeholders – this is all good news. But some boards and CEOs remain skeptical about ERM’s value: sometimes a perception reigns that ERM is a pure cost, a governance exercise, some box-ticking event, doesn’t deliver any topline and produces nothing but a… Continue reading ERM Increases Company Valuation
Great to see how ERM is gaining momentum in emerging markets! Take a look at “Enterprise Risk Management (ERM) in High-Growth Insurance Markets; The Trust Re Experience”1. I really like the emphasis on “enabling“!! When we do ERM-related work with our clients, the opportunity-aspect gets a lot of attention. Megrow Pte Ltd – your partner for all things ERM.… Continue reading ERM on the move