Overview
Highlights
LIC's ERM Committee Conference Call provides a convenient mid-year opportunity to develop business relationships and share ideas with other executives involved in Enterprise Risk Management for small to mid-size insurance companies and fraternals as well as relevant vendors in this area.
Find out what other companies are experiencing and share practical solutions to common challenges. What do YOU want to learn? Discussion topics are being submitted in advance by participants, including:
- Remote workers - What safeguards are being utilized? How do you incorporating ERM into company culture when staff is mainly remote?
- Cybersecurity, Encryption software for policyholder and agent portals
- Developing Key Risk Indicators
- We are living through a "pop-up" scenario right now. How is it playing out? Have you seen liquidity and investment challenges?
- Recruiting and keeping personnel has been a growing risk for us post-pandemic. Are other small companies seeing that and what have they been doing to help?
- Approach to NAIC climate risk disclosure survey
- We are going through our 5 year financial exam this year and have been surprised at how different it is compared to previous exams. The focus seems almost exclusively on risk management. Have other companies had this experience too?
- Risk reports: Frequency and what is included
In addition, we'll hear from Actuarial Risk Management's Max Rudolph and Marc Altschull, who are conducting a survey to compare companies' ERM programs with others' and with the A.M. Best ERM Rating criteria.
The LIC ERM Committee Conference Call is open to insurance company and fraternal ERM executives. Affiliate Members/Vendors must be sponsors of the meeting in order to attend (see LIC sponsorship opportunities).