Compliance Professionals Can Support Enterprise Risk Management
Columbus, Ohio, October 18, 2012: Speaking at the 2012 annual meeting, Joseph L. Petrelli, President of Demotech, Inc. advised the Association of Insurance Compliance Professionals (AICP) on the importance of the state filings and compliance effort to support corporate enterprise risk management.
“Few professionals are closer to market conditions, competition and the regulatory changes that occur at the state level than compliance professionals. Equally important, compliance professionals are familiar with internal corporate strengths and weaknesses, often on a product by product basis. I encourage AICP and its members to add value to the ERM process at their respective employers.”
A full copy of Petrelli’s presentation is available at: https://www.demotech.com/presentations/20121017_aicp.pdf
About Demotech, Inc.
Demotech, Inc. is a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers. Since 1985, Demotech has served the insurance industry by assigning accurate, reliable and proven Financial Stability Ratings® (FSRs) for Property & Casualty insurers and Title underwriters. FSRs are a leading indicator of financial stability, providing an objective baseline of the future solvency of an insurer. Demotech’s philosophy is to review and evaluate insurers based on their area of focus and execution of their business model rather than solely on financial size. This philosophy was the catalyst for the Demotech Company Classification System, which was published in Insurance Journal, in order to stratify and categorize insurers into operational categories. Visit www.demotech.com for more information.