Insurance Criteria: Nonlife Insurance Risk Control Criteria And Their Role In Enterprise Risk Management

Submitted on 7th September 2017

On June 2, 2006, Standard & Poor's Ratings Services published an insurance criteria report, "Refining The Focus Of Insurer Enterprise Risk Management Criteria " on Ratings Direct. That article clarified the core criteria for insurer enterprise risk management (ERM) assessments, including a discussion of nonlife risk controls. This article serves as an expansion of that nonlife discussion, outlining how nonlife risk controls relate to the ERM evaluation process. We address here the respective risk-control processes and considerations for commercial lines, personal lines, reinsurance, catastrophe risk, cycle management risk, and what we describe as new-venture (or new-product) risk.

Length of Resource
13 pages
Christopher Myers, David Ingram
Date Published
Publication Type
Resource Type