Enterprise Risk Management For High Performing Well Governed Organizations
In 2012, we were upgraded by AM Best to A- (Excellent). Our risk practices are reviewed as part of that process-Directors Global plays a significant role in maintaining our ERM program.
Mike George- President & CEO, Trisura Guarantee Insurance Company
Trisura Guarantee Insurance Company
One of “Profit 500 2016 Fastest Growing Companies in Canada”, a “2017 Best Employer in Canada recognition by Aon Hewitt”, Trisura is one of Canada’s fastest growing financial institutions- an OSFI regulated P&C Insurer. Trisura partners with Directors Global since 2010 to steer Enterprise Risk Management.
“ERM means several things to us: compliance with regulator OSFI; satisfying stakeholders; but principally giving us an advantage in reaching corporate objectives” says CEO, Mike George. “When we mitigate key risks, we achieve the results we want.” John Garner, CFO, adds “OSFI, AM Best and Board want evidence that we’re tackling our key risks, and we’ve done that, but we wanted more from our ERM program- in addition to compliance mandates, we wanted to engage our team of top executives in a process that would drive active buy-in to a culture of risk management.”
Some HIGH PERFORMANCE ERM practices:
- Follow best practices, and adopting an accepted ERM framework such as ISO 31000 or COSO
- Formally identify, assess and prioritize key enterprise risks
- Set clear roles for board & management in risk oversight
- Establish effective controls on key risks, and allocate resources
Trisura provides innovative solutions and expertise through a select broker network, specializing in Corporate Risk, Surety and related products.
Through highly effective risk advice, We help high performance teams reach objectives with more certainty. Call Us Today.