Current Trends In Enterprise Risk Management
What are insurance companies actually doing to implement ERM for themselves? How supportive of ERM
are insurance company CEOs? Do they believe it will help them to better manage the risks that their company
faces? Tillinghast has recently conducted a survey of insurers, which was designed to answer these questions. The
survey results will serve as an introduction to a panel discussion of the insurance industry's implementation of
ERM. Panelists will include professionals who are directly involved in implementing ERM at insurance companies. They
will share their perspective on the state of ERM for insurers, lessons from successes and failures, and their thoughts
on what the future will bring.
Moderator: Stephen P. Lowe, FCAS, MAAA, Tillinghast_Towers Perrin
Panelists: Claus Metzner, FCAS, FSA, MAAA, Zurich Financial Services Group
Chief Risk OfficerA New Breed of High-Flying Executives in Enterprise Risk Management
Over the last decade, the need to integrate firm-wide risk has prompted the rise of the Chief Risk Officer
(CRO)an office that brings together responsibility of all kinds of risks from market to insurance. Our panelists will present
their definitions of ERM, the role and difficulties of being a CRO, the biggest concerns for their industry, and their tools
to manage firm-wide risks. The panelists will also describe the evolution of their risk management process, the skill
sets required for being a CRO, and the potential role of actuaries in the enterprise risk management process.
Moderator: Richard I. Fein, FCAS, MAAA, PricewaterhouseCoopers LLP
Freeman Wood, Ford Motor Company
Pamela G. Rogers, Sears, Roebuck & Co.