Good ERM is loss control & a strategic enabler Thank you for reading this most recent post in our “ERM in 3 Minutes Knowledge Series” (previous posts here). In this blog, I reemphasize that a solid and well-run ERM framework must cover the downside and the upside aspects of uncertainty. Megrow’s clients, readers of this… Continue reading loss control & strategic enabler
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
or is it? Oracle was very kind to invite me to their innovation summit in May 2018. They choose an auspicious location, namely the Fintech Hub in Singapore. So, the first question was, “what am I going to wear?”. After some deliberation, I decided to wear black jeans, non suspicious Dr. Martens tasseled loafers, an… Continue reading Megrow Goes Fintech – It’s Not about ERM
Dr. Dennis Bessant, senior advisor to Megrow, has written a very interesting article about risk management. Asia Insurance Review published the articles during the 14th Singapore International Reinsurance Conference. page 1 page 2 Access the full article in pdf-format from the Asia Insurance Review website. And before you ask: yes, we have the publisher’s OK… Continue reading Natural hazards cause ‘un-natural’ disasters that man made!
COSO ERM Framework The COSO ERM Framework is one of the best established and most widely used ERM frameworks. Whilst becoming the quasi-standard after its publication in 2004, the framework started getting a little long in the tooth. COSO and PWC just published the “COSO ERM Framework Update”, 2017 version with some fanfare. Why update?… Continue reading COSO ERM Framework Update
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