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Enterprise Risk Management

Modeling the Reality of Risk: The Cornerstone of Enterprise Risk Management

2001-07-14 | Samir Shah, Jerry Miccolis

A major reason managers are frustrated with their progress on ERM is because they don't have adequate risk modeling tools. Learn why standard statistical models don't work well for operational risks, but structural models do.

Risk and Insurance History

The World's First Insurance Company

2001-07-01 | Barry Klein

In 1666, the Great Fire of London nearly destroyed the city. Barry Klein explains how the first insurance company—as well as the first fire brigade—emerged from the ashes.

Risk and Insurance History

The Great Fire of London

2001-06-01 | Barry Klein

Barry Klein explains how the Great Fire of London catalyzed the birth of the modern insurance industry and explores the historical events that shaped its emergence.

Risk Management Technology

Information Systems: Which Type Is Right for Your Organization?

2001-04-01 | Anita Schoenfeld

Buying a new risk management system is difficult considering all the different applications and alternatives. Learn what types of systems are available and how they can respond to your organization's needs.

Insurance Archaeology

Insurance Archaeology for Mergers and Acquisitions: Due Diligence before and after Closing

2001-01-01 | Sheila Mulrennan

One often-crucial factor affecting both the advisability and success of a merger is the prospective partner's insurance portfolio. Any corporation moving to merge or purchase a corporation in the United States must recognize the litigious climate and defend itself by making sure that both its own and its prospective partner's insurance coverage is adequate. Learn more in this insightful article.

Enterprise Risk Management

Enterprise Risk Management in the Financial Services Industry: From Concept to Management Process

2000-11-01 | Jerry Miccolis

Learn how a five-step systematic management process-assessing risks, articulating strategies, evaluating strategies from policyholders' and owners' perspectives, and then refining them-represents the logical flow of activities in developing ERM strategy.

Risk Management Technology

Risk Management for Your Website

2000-09-01 | Anita Schoenfeld

The key to determining how to approach your exposure to risk associated with Internet websites ultimately lies with a thorough risk analysis. If your risk analysis proves that certain threats to your websites can prove costly to your business, it may make sense to take action to limit your exposure.

Enterprise Risk Management

Enterprise Risk Management in the Financial Services Industry: Still a Long Way to Go

2000-08-01 | Jerry Miccolis

The promise of ERM for financial services managers is that it can help them systematically make business decisions that contemplate all types of risk (e.g., event risks, operational risks, and financial risks). But, how close is this industry to realizing the promise of ERM? A recent Tillinghast-Towers Perrin survey reveals the answer.

Risk and Insurance History

How Umbrella Policies Started Part 2: the First Umbrella Forms

2000-04-01 | Jim Robertson

Jim Robertson discusses developments in blanket liability, other concepts that led to the creation of the first umbrella coverage forms, and the development of the American market for umbrellas after 1957.

Insurance Archaeology

Insurance Archaeology: A Strategic Imperative for Policyholders and Insurers

2000-03-01 | Sheila Mulrennan

Sheila Mulrennan explains that even though it has become increasingly difficult for policyholders, insurers, and reinsurers to reconstruct their pre-paid historic insurance assets, it is more important now than ever.

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