The CRO Forum’s views on the consequences for Enterprise Risk Management and regulation in the insurance industry. The recent developments in the financial markets have raised serious questions about the effectiveness and efficiency of risk management in financial services. The CRO Forum addresses this topic from an insurance industry perspective and will focus on the implications of the crisis on Enterprise Risk Management and regulation in the industry as a whole. While we acknowledge that it may be premature to undertake a comprehensive post mortem on the current financial crisis, we nevertheless wanted to express our view now, in particular in the light of the ongoing efforts in terms of insurance regulation (Solvency II).
