Australia Advances Beyond a Compliance Culture

November 2007
Asia Insurance Review;Nov2007, p26
Trade Publication
The article focuses on the report of Standard & Poor's Rating Services showing that Australian market is expected to have a higher-than-average proportion of insurers assessed as having excellent Enterprise Risk Management (ERM). It stated that Australian has been seen as well-advanced in ERM practices globally with strong guidelines, compliance standards, and control activities driven by the regulator. It considered that market leaders embrace dynamic financial analysis in capital modelling.


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