Transforming enterprise risk management

Transforming enterprise risk management for value in the insurance industry

By McKinsey&Company

Leading insurers are retooling the role of their risk function from incident response and compliance to an essential partner in advancing the business strategy.

The value of enterprise risk management (ERM) in the insurance industry was given a decisive demonstration in the financial crisis. McKinsey research showed that the better their ERM systems, the better insurers performed financially in 2008 and 2009. >>