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Enterprise Risk Management

Standard & Poor’s Ratings Services has expanded its review of the financial service industry’s enterprise risk management (ERM) practices. This enterprise risk management initiative is an effort to provide more in-depth analysis and incisive commentary on the many critical dimensions of risk that determine overall creditworthiness.

This enhancement is part of Standard & Poor’s holistic assessment of enterprise risk management of corporations and financial institutions. Standard & Poor's is continually enhancing its ratings process to respond to the emergence of new risks and marketplace needs and conditions.

Standard & Poor’s is pleased to present the following multimedia and commentary on risk management:

CreditMatters TV

Prudent Enterprise Risk Management Practices Help Reinsurers Contain Losses
Sridhar Manyem, Director
September 7, 2012

Insurance ERM-Commentary & Criteria

Enterprise Risk Management (5-7-2013)

Process Improvements And Regulation Drive ERM Of North American And Bermudian Insurers Forward (4-18-2013)

Report Card: Natural And Financial Catastrophes Fail To Rock Global Reinsurers And Their ERM Scores (9-5-2012)

Key Elements Of North American Insurers' Risk Capital Modeling (5-1-2012)

North American And Bermudian Insurers See Little Change In ERM Scores Despite Significant Catastrophe Losses And Macroeconomic Uncertainty (4-17-2012)

Request For Comment: Management And Governance Credit Factors (3-12-2012)

Report Card: Consistent Application Of ERM Helps Global Reinsurers Maintain Their Financial Strength Under Adverse Conditions (9-5-2011)

S&P Assessment Of Reinsurers’ ERM Places High Importance On Understanding Of Catastrophe Models (9-5-2011

The NAIC’s ORSA Proposal Enhances The Focus On Insurers’ ERM Practices (5-19-11)

North American And Bermudan Insurers Continue To Step Up Their Enterprise Risk Management Efforts (5-3-2011)

A New Level Of Enterprise Risk Management Analysis: Methodology For Assessing Insurers' Economic Capital Models (1-24-11)

Criteria | Insurance | General: Management And Corporate Strategy Of Insurers: Methodology And Assumptions (1-20-11)

Approach to Assessing Insurers' Enterprise Risk Management Refined in Line With Industry Improvements (9-7-10)

Credit FAQ: How Standard & Poor's Proposed Assessment Of Economic Capital Models Will Affect Insurers (8-3-2010)

A New Level Of Enterprise Risk Management Analysis: Methodology For Assessing Insurers' Economic Capital Models (5-19-2010)

Insurers In EMEA See The Value Of Enterprise Risk Management (5-5-2010)

Refined Methodology For Assessing An Insurer's Risk Appetite (3-30-2010)

Enterprise Risk Management Continues To Show Its Value For North American And Bermudan Insurers (2-1-2010)

Expanded Definition Of Adequate Classification In Enterprise Risk Management Scores (1-28-10)

Methodology: Assessing Management's Commitment To And Execution Of Enterprise Risk Management Processes (12-17-2009)

For North American Insurers, Strong Risk Management And Capital Adequacy Are Key Defenses Against Recession (12-12-2008)

Criteria: Application Guide: Assessing Insurers' Economic Capital Models (5-15-2008)

European Insurers Continue To Develop Their Enterprise Risk Management Capabilities (4-28-2008)

Criteria | Insurance | General: Summary Of Standard & Poor's Enterprise Risk Management Evaluation Process For Insurers (11-26-2007)

Insurers With Excellent ERM Have Clear Enterprise Risk Reporting (10-13-2007)

Criteria | Insurance | General: Economic Capital Review Process For Insurers: Criteria Update (9-6-2007)

Industry Report Card: Enterprise Risk Management Can Help U.S. Commercial Lines Insurers Ward Off Irrational Pricing (4-30-2007)

Enterprise Risk Management At Firms More Noticed By Its Absence As Time Goes By (2-23-2007)

Criteria | Insurance | Request for Comment: Economic Capital Review Process For Insurers (2-5-2007)

Criteria | Insurance | General: Evaluating Risk Appetite: A Fundamental Process Of Enterprise Risk Management (10-31-2006)

Criteria | Financial Institutions | General: ERM And Terrorism Risk For Financial Services Firms (9-14-2006)

Credit FAQ: Enterprise Risk Management One Year On (9-11-2006)

Criteria | Insurance | General: Summary Of Recent Enhancements To Insurer Enterprise Risk Management Criteria (6-2-2006)

Criteria | Insurance | General: Refining The Focus Of Insurer Enterprise Risk Management Criteria (6-2-2006)

Criteria | Insurance | General: Evaluating The Enterprise Risk Management Practices Of Insurance Companies (10-17-2005)

Corporates ERM-Commentary & Criteria

Methodology: Management And Governance Credit Factors For Corporate Entities And Insurers (11-12-2012)

Request For Comment: Management And Governance Credit Factors (3-12-2012)

Playing It Safe: In The Auto And Aviation Industries, The Issue Of Safety Has Many Parts (8-23-2011)

Playing It Safe: Stricter Standards Increase Costs For Energy Extraction Companies, But So Do Accidents (8-23-2011)

Playing It Safe: U.S. Nuclear Power And Pipeline Operators Likely To Implement Increased Safety Measures To Maintain Public Confidence (8-23-2011)

Playing It Safe: The Importance Of Safety Measures To Corporate Credit Quality (8-23-2011)

Credit FAQ: Standard & Poor's Looks Further Into How Nonfinancial Companies Manage Risk (6-24-2010)

Progress Report: Integrating Enterprise Risk Management Analysis Into Corporate Credit Ratings (7-22-2009)

Enterprise Risk Management For Ratings Of Nonfinancial Corporations (6-5-2008)

Enterprise Risk Management: Standard & Poor's To Apply Enterprise Risk Analysis To Corporate Ratings (5-7-2008)

S&P Extends Comment Period On Enterprise Risk Management Analysis For Nonfinancial Co. Ratings (1-14-2008)

Request For Comment: Enterprise Risk Management Analysis For Credit Ratings Of Nonfinancial Companies (11-15-2007)

ERM: Evolving, Resonating, And Maturing Down Under (11-8-2007)

ERM: The New Standard And Practice In Good Corporate Governance (6-14-2007)

S&P Completes Initial "PIM" Risk Management Review For Selected U.S. Energy Firms (5-21-2007)

Taking The "PIM" Approach When Assessing U.S. Energy Companies' Risk Management (4-21-2006)