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

ERM for Insurance

With the regulatory requirements around the transparency of risk levels (ORSA) the focus on risk monitoring and risk governance in Insurance has significantly increased.

 
ERM (PDF)
 
ERM Health Check (PDF)

ERM for Banking

Our best practice ERM framework will accelerate your corporate governance program.

 
Enterprise Wide Risk Management (PDF)

Banking

Regulations, capital requirements and digitization are current challenges.

 
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Insurance

Regulatory requirements not only bear risks for Swiss insurers but also opportunities.

 
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