Meet Your Challenges Head On
Risk management in insurance is an integral part of keeping your company on the up and up. To operate efficiently, insurers must assess and control credit risks, market risks, operational risks, reputational risks, and much more, while adhering to ever-broadening regulations. Staying on top of these threats demands a powerful and flexible risk management program. LogicManager’s integrated ERM solutions for insurance companies are designed to meet the needs of this highly regulated and demanding industry.
The NAIC Recommends ERM for Insurance Companies
The National Association of Insurance Commissioners passed the Own Risk and Solvency Assessment Model Act (ORSA). Insurance groups are now required to assess the adequacy of their risk management processes, and to analyze all foreseeable and relevant material risks. According to the NAIC, ORSA is not a one-off exercise, but a continuous component of an insurer’s evolving ERM framework. LogicManager makes it easy for insurance companies to meet ORSA requirements and accelerate their ERM program towards perfection.
How Can We Help You?
While many insurance companies face similar challenges, every company is different. That’s why we’ve created a customizable ERM software for the insurance industry that responds to your specific needs.
Identify risks with the most critical impact on business performance across your organization.
Engage departments and subject matter experts to weigh in how risk will impact the organization.
Develop controls to mitigate your most critical risks with demonstrable assurance.
Hold others accountable for assessing and mitigating risks with built-in recurring tasks and email reminders.
Meet compliance requirements including ORSA and NAIC Model Audit Rule by leveraging our comprehensive regulatory risk libraries.
Report on board-level corporate objectives with easy to use, customizable reports, heatmaps, and dashboards.
Experience a Customized ERM Solution for the Insurance Industry
We’ve built our software with you in mind. Explore some of the pre-built, industry-specific content that comes with LogicManager. We’ve created these custom plugins to make your risk management process a painless one as we know how important risk management in the insurance business is.
Transform How You Think About Insurance Enterprise Risk Management
LogicManager’s platform is designed to alleviate the pain points in your risk management processes so you can focus on aligning and achieving operational and strategic goals across your organization.
LogicManager’s insurance enterprise risk management software and expert advisory services provide a risk-based framework and methodology to accomplish all of your risk assessment and governance activities, while simultaneously revealing the connections between those activities and the goals they impact.
“Service is #1! Knowledgeable, professional, helpful and responsive Advisory Analyst! Still getting used to the program, but like that you solicit input from users and that upgrades are continual. Keep up the great work!”
Assistant Vice President | Risk Management, Pacific Guardian Life
Some of Our Insurance Customers
