CHICAGO and LONDON, Oct. 19 /PRNewswire/ -- IPS Search, Inc., the North American retained search division of London based IPS Group completed their national Enterprise Risk Management (ERM) search for a Multi Billion Dollar A - Rated (A.M. Best & Company) Property & Casualty Carrier.
James Evan-Cook, President IPS Search, who leads the practice, commented, "We conducted an extensive search interviewing a broad selection of talented professionals with experience in the field of enterprise risk management (ERM). What we encountered was that while the insurance industry is embracing ERM, there has yet to emerge a singularly effective framework spanning quantitative and operational risk issues. While many larger Property & Casualty Carriers have Chief Risk Officers, these executives are not always accountable for the broader enterprise-wide risk management disciplines, and many smaller companies seem to approach ERM from a collaborative perspective between the CFO, Chief Actuary and external reinsurance, actuarial and risk management consulting firms."
Evan-Cook continues, "In response to the need for education and learning in this field we found that a number of recognized insurance focused Universities in addition to the Society of Actuaries with their new CERA certification, are responding to this critical need by integrating ERM course work into their curriculums. The need for ERM professionals with a balance of quantitative and operational risk evaluation skills would appear to be creating opportunities for industry professionals from backgrounds in actuarial, audit, portfolio underwriting and dynamic financial analysis enabling career progression and transition into this new and impactful field."
Further, commented Evan-Cook, "Conversations with our client and executive leadership at other domestic P&C carriers confirmed they are more frequently fielding ERM questions from their industry rating agencies, reinsurers, and investors."
About IPS Group
IPS Search, Inc. is a division of IPS Group serving the insurance industry worldwide with executive search and recruitment solutions since 1969 with offices in London, Birmingham, Leeds, Manchester, Southampton, Hong Kong, Shanghai, Singapore and Chicago.
www.ipssearch.comwww.ipsgroup.co.ukwww.ipsgroupasia.com
SOURCE IPS Search, Inc.
IPS Search, Inc.
