Some of life's key lessons

In a roundtable discussion forum sponsored by Towers Perrin, industry leaders discuss the future of enterprise risk management in life and property and casualty companies under Solvency II

Life & Pensions: What enterprise risk management (ERM) lessons have you learned from the recent banking crisis?

Thaddeus Nyahasha: One key learning point from the banking crisis is that there is a need for greater transparency across the industry. As we have seen, what happens to one significant player could have a significant impact on the market perception of the entire sector. There is a need to educate the markets and, hence, greater transparency to potentially reduce some of the speculation