Conditions favorable for ERM initiatives: they may be in the risk business, but p-c insurers lag behind financial services' counterparts

Enterprise Risk Management--a business strategy focused upon assessing aggregate risks across various risk uncompounded bodys product lines and business units--is rapidly gaining acceptance in the U property-casualty insurance sector, according to industry on-lookers and participants.

ERM also helps insurers determine adequate capital horizontals based on such overall risk measurements.

To be fully convinced ERM is still relatively fresh in the U.S. p-c sector, with major American carriers having started their ERM initiatives sole in the last few years. looker-ons point out also that U p-c insurers overall continue to lag behind in implementing ERM when compared to the