Enterprise Risk Management | KPMG | CH

Enterprise Wide Risk Management enables sustainable value creation

After the global financial crisis, regulators started taking a closer look at corporate governance and robust risk management.

In Switzerland, the FINMA circular 2017/1 “Corporate Governance – Banks” comes into force on 1 July 2017. It contains far-reaching requirements on corporate governance, risk management and the internal control system of banks. Among other things, it requires management to set up a comprehensive structured framework for an enterprise-wide risk management (ERM) framework, which has to be approved by the Board of Directors.

For insurance companies in Switzerland, the corresponding FINMA circular 2017/2 entered into force on 1 January 2017.
 

For banks and insurers, an ERM provides an opportunity to add real value to the business:

  • Better awareness of risks: ensure that the product development, pricing and underwriting guidelines reflect the company’s risk capacity and risk tolerance
  • Improve client experience: back up client promises – from the sale of products to the handling of claims
  • Get more done with less: optimized use of resources and talent
  • Data becomes knowledge: get a better grasp on risks and opportunities to gain a competitive edge
  • Corporate resilience: protect operations and your balance sheet from “Black Swan” events
  • Create sustainable value for shareholders: maintain your reputation, improve the return on investment and reduce volatility in profits

At KPMG, an expert, performance-driven, experienced team has created a comprehensive best-practice ERM framework that is based on seven components and draws on our in-depth knowledge and risk management experience. We have specifically tailored the framework to each industry - banking and insurance - so that our clients benefit as much as possible.
 

Your benefits:

  • Our in-depth knowledge concerning risk management and regulatory expectations make us an excellent partner to help implement an ERM tailored to your needs. 
  • Access to industry expertise and benchmark information
  • Ready-to-go tools to analyze impacts and deviations
  • In-depth experience allows for an acceleration of the implementation process
  • Innovative ideas create new perspectives

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