This past year, both the NAIC and A.M. Best stepped up their ERM requirements for the insurance industry which will accelerate insurers’ efforts to more fully develop their risk management programs and influence future ERM trends going forward.

The panelists will provide highlights and implications of the NAIC’s emerging ORSA requirements and Best’s new ERM questions posed in its annual ratings questionnaire, and will also discuss how companies can best prepare for these new requirements.

In a case study, the panelists will also provide their viewpoints related to a P&C insurer’s efforts to jumpstart its ERM program in a more deliberate way after several years of sub-par performance and Best citing ERM as a key area of weakness for the company.