TITLE

Great Expectations

AUTHOR(S)
Essert, Henry
PUB. DATE
January 2015
SOURCE
Best's Review;Jan2015, Vol. 115 Issue 9, p53
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on insurance regulations in the U.S. which called on the boards of insurance companies to understand and manage risk. A study of regulatory developments by PricewaterhouseCoopers LLP focuses on insurance core principles and internationally active insurance groups. It suggests that insurance companies should pay attention to common themes of the rules and to start modernizing relevant data capabilities, computational infrastructure and skill requirements.
ACCESSION #
100242000

 

Related Articles

  • Tech Advances Transform Business, but Risks Grow. Greengard, Samuel // Baseline;4/25/2014, p1 

    The article discusses the Annual Global Chief Executive Officer (CEO) Survey conducted by the consulting firm PwC, as of April 25, 2014. Topics discussed include increased risks in business reported by 75 percent of executives, business transformation ranked as biggest internal driver challenge...

  • More Direction Needed? Harman, Thomas // Best's Review;Mar2013, Vol. 113 Issue 11, p85 

    The article reports on the two surveys of PricewaterhouseCoopers (PWC) on pending rules of the Own Risk and Solvency Assessment (ORSA) in the U.S., which show that insurance firms moving to meet the rules' requirements on January 1, 2015 are raising readiness questions. It says that the rules...

  • Finance Controls Asset Distribution.  // Best's Review;Nov2008 Guide to Understanding Insu, p8 

    The article reports on the financial controls and asset distribution in insurance industry in the U.S. It is stated that the insurance companies are required by law to have an independent certified public accountant approve annual statutory audits. The insurer makes a profit or loss depending on...

  • Reinsurers Leading The Way On ERM Adoption. MCDONALD, CAROLINE // National Underwriter / P&C;7/4/2011, Vol. 115 Issue 24, p26 

    The article focuses on the move of the insurance industry to lead the implementation of enterprise-risk management (ERM) in the U.S. Assistant vice president in the reinsurance-ratings division of A. M. Best Peter Dickey reveals that most of the insurance companies adopted the concept of ERM...

  • Non-events Matter. Panning, William H. // Best's Review;Jan2015, Vol. 115 Issue 9, p30 

    The article discusses the author's view of how insurance companies in the U.S. improve risk management. He shares a story of his friend who was instructed to take essential medications as he will undergo a lung biopsy. The author emphasizes that looking for gaps in models is fundamental to...

  • Reading Risk Right. George, Hank // Best's Review;Jan2015, Vol. 115 Issue 9, p40 

    The article shares the author's view of the risk of selling life insurance in the U.S. He focuses on the mortality gains, the difference between the expected mortality rate and the actual one, because they serve as the driver of bottom line results. The author suggests that life insurance...

  • NAIC's Plan for Risk, Solvency Assessment Tests Gains Steam. Tessier, Denise // National Underwriter / P&C;12/5/2011, Vol. 115 Issue 42, p12 

    The article focuses on the initiative of the National Association of Insurance Commissioners (NAIC) requiring insurance companies regulated in the U.S. to conduct an Own Risk and Solvency Assessment (ORSA) and report their enterprise risk management (ERM). It cites the key benefits of ORSA...

  • The BIG PICTURE. Galer, Donna; Narvaez, Kristina; Morris, Tim // Best's Review;Jan2016, Vol. 116 Issue 9, p68 

    The article offers information on the importance of enterprise risk management (ERM) on the merger and acquisitions (M & A) of insurance companies in the U.S. The topics discussed include the challenges experienced by insurance firms in M & A, the potential opportunities brought by M & A, and...

  • PwC Acquires Sustainability Firm.  // Public Accounting Report;1/15/2009, Vol. 33 Issue 1, p2 

    The article reports on the acquisition of Sustainable Finance Ltd. by PricewaterhouseCoopers (PWC) LLP in the U.S. According to the article, the said acquisition can stabilize the company's capability of assisting its clients in investment risk mitigation. Further, PWC is focusing on its...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics