ERM Programme Rollout

A Society of Actuaries (SOA) actuarial practice guidance document on ERM notes that establishment of ERM is an exercise in change management and indicates that it should ideally not be considered a project, giving real world business benefits of ERM implementation

Research by ACE Strategic Solutions confirms progressive and steady approaches to ERM are most successful

A 2016 survey by ACE Strategic Solutions show that that radical approaches to ERM implementation are likely to be unsuccessful or characterizing significant need for improvement. The majority of industry practitioners sampled (37 of 49 or 76%) do not attempt to expedite ERM implementations but show preference to the slower approaches to enforce organizational transformation.

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