A remarkable confluence of developments in the United States and around the globe is compelling property/casualty insurers to bolster their enterprise risk management (ERM) programs. This session will address the critical factors driving change in ERM practices. You’ll explore the key elements of a sound program. And you’ll learn about the shift from ERM as a compliance activity to ERM as a strategic source of competitive advantage. You’ll also hear about some key resources that can help you build, implement, and maintain a world-class ERM program.
Original Presentation Date: Monday, September 26, 2011
Target Audience: Risk managers
Michael R. Murray
Assistant Vice President for Financial Analysis
ISO
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Michael Murray is ISO’s assistant vice president for financial analysis. His responsibilities include development and publication of ISO’s quarterly and annual reports about insurers’ financial performance. He is also responsible for other financial products, such as ISO's technical analysis of industry loss and loss adjustment expense reserves and ISO's Top 100 Insurer Financial Results.
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Jared Smollik, FCAS
Manager – Actuarial
ISO
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Jared Smollik is Manager-Actuarial in the Increased Limits & Rating Plans Division. Mr. Smollik is responsible for increased limits for commercial and personal auto, as well as the development of increased limits and other rating factors for the management protection and e-commerce programs. He is also responsible for ISO's Enterprise Risk Management Service for Insurers. Mr. Smollik joined ISO in 2003 and is a Fellow of the Casualty Actuarial Society, a Member of the American Academy of Actuaries and a Chartered Property Casualty Underwriter.
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