EMEA Insurers Will Gain More From Improved ERM If They Buy Into The Changes, Says Report Jun 11
- ID: 1826806
- June 2011
- Region: EMEA
- Standard & Poors
LONDON (Standard & Poor's) June 14, 2011--In a report published today, Standard & Poor's Ratings Services said that it believes that as a whole the enterprise risk management in the 188 life, health, and non-life insurers and reinsurers it rates across EMEA has improved considerably and believes the trend is likely to continue this year (see "Embracing Enterprise Risk Management Makes A Difference For Insurers In EMEA"). This is especially the case in the EU, where companies will soon face stiffer capital regulations and risk management requirements under Solvency II. We also see considerable development of risk management frameworks in the Middle East, though from a relatively weak historic base. Although we raised the assessment on only a small proportion...
Action: General Comment
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