ERM-123-14: S&P Enterprise Risk Management Criteria (paragraphs 1-71, 86-88)

📗erm-123-14
📖erm-learning-obj-5

#1

Reading Source:
https://www.spratings.com/scenario-builder-portlet/pdfs/ICSB_Enterprise_Risk_Management.pdf

Topics Covered in this Reading:

  • Scope of the Criteria
  • Summary of the Criteria
  • Impact on Outstanding Ratings
  • Effective Date and Transition
  • Methodology
    • The Subfactors of Enterprise Risk Management Analysis
  • Assumptions
    • Determining an Insurer’s Enterprise Risk Management Score
    • Risk Management Culture
    • Risk Controls
    • Emerging Risk Management
    • Risk Models
    • Strategic Risk Management
  • Appendix I - Definitions
  • Appendix II - Risk Controls of Major Risks