Transcription of Credit risk management - EY
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Credit risk management - EY
Credit risk management Why it matters and how insurers can enhance their capabilities As enterprise risk management has moved up the strategic agenda for insurance executives in the years since the global financial crisis, insurers have formalized and standardized policies and processes for managing different types of risks . In many cases, the role of risk management groups is clearly defined. When it comes to Credit risk management , however, insurers have varying approaches. At some carriers, the risk management group plays a basic oversight role, while at other firms it more broadly and deeply involves Credit and portfolio risk monitoring. With increasing regulatory pressure and ongoing economic turbulence, Credit risk management is moving up the agenda for senior management . In fact, many insurers are making significant investments to strengthen their Credit risk management capabilities and infrastructure.
Why credit risk matters for insurers Credit risk is an increasingly important matter in the insurance industry because of the central role it plays …
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