Wendy Schuler, vice president-finance and treasurer for Sheboygan-based Acuity Insurance, has been instrumental in the development of the company’s Own Risk and Solvency Assessment, in partnership with its actuarial department.
ORSA is an internal process that assesses risk management and solvency positions under a range of stress scenarios, requiring insurers to analyze relevant material risks that could have an impact on an insurer’s ability to meet its policyholder obligations, according to Melissa Winter, president of Acuity.
“Closely tied to this is her work to develop Acuity’s approach to Enterprise Risk Management, the process by which insurers assess, control, finance and monitor risk from all sources,” said Winter. “Wendy’s work and leadership in these spaces has transcended Acuity to help set the standard of what these analyses mean in the insurance industry.”
Schuler was also part of the team that represented Acuity in a legal case that set a precedent in the property-casualty insurance industry.
