Description: Hear Chief Risk Officer (CRO) perspectives on how COVID-19 has impacted Enterprise Risk Management (ERM). Presenters surveyed CROs from several Life insurance companies and will share key insights. Areas that will be covered include: • Action: Oversight role and responsibilities of ERM during the pandemic • Evolution: Impact to ERM frameworks • Lessons learned

Description: Enterprise Risk Management is often thought to be synonymous with managing an insurance company toward financial objectives with a focus on insurance-specific risks. Some might argue though that operational risks are the crux of all risks confronted by an insurance company and ultimately drive the company’s outcomes.Operational risk is the risk of impact on financial outcomes due to operational events, involving internal systems, personnel, procedures or controls, and also external events. Operational risk exists in all business activities, covering fraud, human error, accounting errors, legal actions and system failures. All of these activities could occur during the course of conducting day-to-day business operations. Additionally, insurance executives must consider the pace of change in the external environment and potential impacts on their business. This presentation is focused on operational risks, current and emerging, faced by health insurance companies.