Chief risk officers (CROs) from some of the largest life and P&C insurers in North America are the first to join a new association formed to develop and promote leading practices in risk management throughout the insurance industry.

The North American CRO Council, comprised of CROs from leading insurers headquartered in the United States, Bermuda and Canada, has established an agenda that includes participating in global developments associated with the harmonization of regulatory capital requirements across jurisdictions, providing guidance to North American regulatory bodies on effective methods for evaluating risk management and solvency monitoring standards, promoting the development and assessment of capital requirements leveraging company-developed risk models, and producing industry-leading research on emerging risks.

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