(Hartford, CT) March 7, 2007 � Conning today announced its initiative in Enterprise Risk Management (ERM) for property-casualty insurers, including the release of its AFFIRMTM Enterprise Risk Management software solution.
�Conning has been working with property-casualty insurance clients to refine its enterprise risk management process, allowing for integration with the insurers� annual planning process,� said Tom McIntyre, director at Conning Research & Consulting. �This unique ERM solution achieves the dual objectives of allowing management to stress-test its annual business plan and provide simplified ERM on a true calendar/accident year basis. Our resulting ERM software model–AFFIRMTM–captures the benefits of ERM in a practical system that reduces resource requirements and eliminates steep learning curves.�
Conning�s enterprise risk process and AFFIRMTM model build on Conning�s unique combination of expertise in insurance industry, insurance segment and company-level modeling, forecasting and analysis.
We combined our unique macro- and micro-level forecasting and modeling skills with direct feedback from several insurance clients to create an enterprise risk management service and software solution that not only captures the key risk factors for property-casualty insurers, but also ensures that the benefits of the ERM process are both pragmatic and usable,� said Sal Correnti, President and CEO of Conning & Company.
Founded in 1912, Conning & Company is a leading global provider of expert solutions and services to the insurance market. Conning�s offerings include: insurance industry research, strategic and financial consulting and customized insurance asset management services. The company is headquartered in Hartford, Connecticut with additional offices in New York, London and Dublin. Conning is a wholly owned subsidiary of Swiss Re. www.conning.comTags: Capgemini, Efma, InsurTech, World Insurance Report