Risk Explorer - The DFA Designed for ERM
Enterprise Risk Management (ERM) is defined by the Casualty Actuarial Society to include "the methods and processes used by organizations to manage risks and seize opportunities related to the achievement of their objectives." Rating agencies today expect insurance and reinsurance companies to have holistic ERM programs that take into account all the risks a company faces.
A good Dynamic Financial Analysis (DFA) model can answer the most essential questions related to Enterprise Risk Management (ERM):
- What amount of capital does a company need to cover its risks?
- What is the best strategy to maximize profitability while properly managing risk?
Clearly, an ERM program would not be effective without a solid DFA model.
Contact us today for a demonstration showing how companies are using Risk Explorer™ to quantify risks and make decisions.