Managing risk in insurance and takaful

ZAWYA:a large number of chief executive officers, chief finance officers and chief risk officers as well as board members attended the first of its kind seminar, titled "Understanding the rating process and implementing Enterprise Risk Management (ERM) for the insurance and Takaful industries". The event comes at a time when enterprise risk management is increasingly becoming a regulatory requirement to be implemented in countries within the Gulf Cooperation Council (GCC) countries and wider Middle East region.

"The seminar, presented by Standard & Poor's, was the first of its kind to cover the Rating Agency process for Insurance companies and to introduce Solvency II - ERM (Enterprise Risk Management) by Deloitte," said Angela Bryant, ERM Senior Manager at Deloitte Middle East Enterprise Risk Services (ERS)...continue