E Reuse Methodology

Best’s Commentary: With COVID-19 Outbreak, Life/Health Insurers Get Real World Test of Enterprise Risk Management Programs

Retrieved on: 
Tuesday, March 31, 2020
General Health, Professional services, Health, Insurance, Economy, Actuarial science, Service industries, Academic disciplines, Auditing, Enterprise risk management, Information technology audit, Internal audit, ERM, Security, Risk management, E Reuse Methodology

AM Best believes insurers have done well in implementing improved enterprise risk management (ERM) controls since the financial crisis a decade ago, but until the COVID-19 virus outbreak, these changes have not faced a significant test.

Key Points: 
  • AM Best believes insurers have done well in implementing improved enterprise risk management (ERM) controls since the financial crisis a decade ago, but until the COVID-19 virus outbreak, these changes have not faced a significant test.
  • A new Bests Commentary, titled, Life/Health Insurers Get Real World Test of ERM Programs, states that most if not all life insurers include a pandemic scenario in their testing.
  • Therefore, AM Best expects insurers to proceed with clear and actionable plans during the current crisis.
  • AM Bests rating methodology focuses on the ERM framework and overall risk capabilities relative to a companys risk profile.

ERM Advanced Telematics Targets the Huge Pharma Market With Its New IoTLink Product Designed to Monitor the Condition of Assets

Retrieved on: 
Tuesday, December 10, 2019
E Reuse Methodology

ERM has started working with its network of distributors around the world to penetrate the pharma market with its new product line designed to monitor mobile and stationary assets.

Key Points: 
  • ERM has started working with its network of distributors around the world to penetrate the pharma market with its new product line designed to monitor mobile and stationary assets.
  • The IoTLink products are based on technology that was specifically developed at ERM and is ideally suited for the pharmaceutical industry.
  • IoTLink products enable monitoring of assets that are not necessarily in or on the vehicle.
  • ERM is working to release additional types of gateways to expand the variety of IoTLink gateway options for customers.