FA
Menu
categorytitle /
Publication Update .
time :
11:51
Date :
Tue Mar 18, 2025
news code :
7948
Insurance Research Center Released:
Guidance Document No. 1: "Enterprise Risk Management (ERM) Framework in the Insurance Industry"
Regulatory guidance is one of the supervisory approaches in the insurance industry, aimed at enhancing underwriting practices by providing insurers with direction, support, and feedback. This developmental supervisory method assists insurers in refining their techniques and strategies for improved outcomes. In line with implementing regulatory guidance, insurance regulatory authorities in various countries develop and distribute guidelines and instructions for insurers.
Recognizing the significance of this approach, the Insurance Research Center (IRC) has prioritized the development of guidelines and instructions addressing key aspects of the insurance industry. Among these initiatives is the guide for implementing Enterprise Risk Management (ERM). The ERM framework is a fundamental requirement for proper risk management, enhancing transparency, improving organizational performance, and strengthening public trust in insurance companies.
According to the IRC’s Public Relations Office, the
Enterprise Risk Management Guide for the Insurance Industry
provides a structured framework to help insurance companies identify, assess, manage, and monitor risks that could impact their operations, financial stability, and ability to fulfill commitments to policyholders. This guide ensures that insurers maintain financial stability, operate in compliance with regulations, and effectively manage emerging risks.
For further details and access to the full report in Persian, interested individuals can visit the
Insurance Research Center's
website or follow the link:
https://www.irc.ac.ir/fa-IR/Irc/4946/Articles/view/14643/1677/
.
Average
:
0
|
Submitted
:
0
Tags
Last update of portal : 4/16/2025 11:52
Stats :
6769403
6.1.7.0
V6.1.7.0