irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $142KINFLUENCING THE DEVELOPMENT OF NEW RISK DISCLOSURES, AS THEY MAY BE REQUIRED BY REGULATORY BODIES, BY DEVELOPING CONSIDERED RESPONSES TO SUCH REGULATORY PROPOSALS.
named programs · 3 · from sources
What they call their work
CRO Roundtable Webinars
Hosts webinars for risk professionals on topics including AI, climate risk, diversity in risk management, and emerging economic and technological risks, featuring industry experts and council members.
Emerging Risks Whitepaper
Produces whitepapers on evolving risks in the insurance industry based on member surveys and expert discussions, focusing on underwriting, operations, and strategic planning impacts.
Position Papers on Risk Management
Develops and distributes position papers on topical risk management issues to influence regulatory proposals and advance risk disclosure standards.
activities · 5 groups
What they do
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Organizational Governance & Leadership Development 2 activities
- Manages governance and organizational operations for the CouncilOversees the property, business, and affairs of the North American CRO Council, including governance compliance, implementation of conflict-of-interest policies, evaluation of third-party relationships, and recommendations on recruitment and development.
- Operates specialized committees and subgroups for risk management collaborationMaintains standing committees on financial risk, non-financial risk, strategic risk, regulatory affairs, governance, and external stakeholder engagement, as well as two standing subgroups—Market Risk and Insurance Risk—to support focused collaboration among member organizations.
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Industry Advocacy and Regulatory Engagement 1 activity
- Advocates on regulatory and policy issues affecting risk managementEngages with regulators and stakeholders by assessing the impact of regulatory changes, developing whitepapers, and submitting responses to regulatory proposals to influence the development of risk disclosure requirements and industry practices.
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Professional Networking Events 1 activity
- Hosts regular meetings and symposia for risk management professionalsConvenes quarterly in-person meetings for member CROs, an annual Risk Manager Symposium, and an annual joint meeting with the European CRO Forum to facilitate discussion on industry topics, share best practices, and support professional development.
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Professional Certification and Continuing Education 1 activity
- Hosts webinars on emerging risks and diversity in risk managementOrganizes public webinars for risk professionals on key topics including emerging risks in the insurance industry, artificial intelligence, diversity, equity and inclusion, and women in risk management, with sessions drawing over 200 live viewers.
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Industry Research and Benchmarking 1 activity
- Produces position papers and whitepapers on risk management topicsResearches and publishes position papers and whitepapers on current and emerging risk issues, such as the evolving risk landscape, based on member surveys and industry discussions to improve industry-wide risk practices.
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financials · form 990 · fy2024
revenue
Total revenue$345K
Contributions & grants$00%
Program service revenue$345K100%
Investment income$00%
Other revenue$320
expenses
Total expenses$506K
Program expenses56%
Admin / overhead44%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$563K
Cash$563K
Investments$0
Liabilities$86K
Net assets$477K
Liquid reserves13.3 mo
5 years on record · 2020–2024 · YoY revenue +25.0%
leadership · form 990 part vii · fy2024
Who runs it
board members · 2
- GEOFF CRADDOCK — TREASURER
- KLAUS DIEM — CHAIRPERSON
relationships · 35
Who they work with
- ACLI Partner — Sarah Williams serves as Chair of the ACLI Federal Regulation and Investments Committee.
- AIG Partner — Member organization whose representatives have participated in CRO Council webinars and discussions.
- Brighthouse Financial Partner — Co-chairs the Regulatory & External Relations working group.
- Brighthouse Financial Partner — Hosted a webinar featuring Philip Melville, Executive Vice President and Chief Risk Officer at Brighthouse Financial.
- CRO Forum Partner — Collaborates annually through joint meetings to exchange ideas and best practices.
- Chubb Partner — Member organization whose representatives have participated in CRO Council webinars and discussions.
- Cullen and Dykman LLP Government — Provides anti-trust and governance counsel to the CRO Council.
- Federal Reserve Board Government — Sarah Williams serves on the Insurance Policy Advisory Committee (IPAC) of the Federal Reserve Board.
- Global Atlantic Partner — Member organization whose representatives have participated in CRO Council webinars and discussions.
- Guardian Life Partner — Co-chairs the Non-Financial Risk working group.
- Guardian Life Partner — Ophelia Usher, Head of Strategic Risk Management at Guardian Life, participates as a panelist in the council's webinar.
- KPMG Government — Provides secretariat support for the CRO Council.
- Manulife Partner — Hosted a Risk Manager Symposium in collaboration with the CRO Council on climate risk and ESG.
- MassMutual Partner — Member organization whose representatives have participated in CRO Council webinars and discussions.
- Mutual of Omaha Partner — Member organization whose representatives have participated in CRO Council webinars and discussions.
- Nationwide Partner — Co-chairs the Financial Risk working group.
- Nationwide Partner — Klaus Diem, Senior Vice President and Chief Risk Officer at Nationwide, participates as a panelist and co-chairs the council's Strategic Risk Committee.
- New York Life Partner — Hosts the Chair of the Executive Committee.
- North American Life and P&C insurers Network — Member companies of the North American CRO Council
- North American insurer Partner — Organizations whose CROs are invited to participate in CRO Council events
- Principal Financial Group Partner — Featured Laura Richardson, Assistant Director for Retirement and Income Solutions at Principal Financial Group, as a panelist in a webinar.
- Prudential Partner — Co-chairs the Financial Risk working group.
- Prudential Partner — Member organization whose representatives have participated in CRO Council webinars and discussions.
- Prudential Financial Partner — Featured Keisha Chandler, Vice President of Operational Risk Management at Prudential Financial, as a panelist in a webinar.
- RGA Partner — Co-chairs the Regulatory & External Relations working group.
- RGA Partner — Member organization whose representatives have participated in CRO Council webinars and discussions.
- Reinsurance Group of America, Incorporated Partner — Jonathan Porter, Executive Vice President and Global Chief Risk Officer at Reinsurance Group of America, serves as moderator for the council's webinar.
- State Farm Partner — Hosts the Chair of the Governance Committee.
- State Farm Partner — Member organization whose representatives have participated in CRO Council webinars and discussions.
- State Farm Mutual Automobile Insurance Company Partner — Andrea Doss, SVP and Chief Risk Officer at State Farm, participates as a panelist in the council's webinar.
+ 5 more
strategies · 2
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Collaborative Peer Learning Modelmethodology: peer_collaborationBy facilitating open dialogue and expert working groups among CROs — including non-members — the Council enhances collective risk understanding and advances industry practices, because peer exchange among senior risk leaders generates actionable insights that individual firms cannot develop alone.
- Expert-Led Regulatory Advocacymethodology: regulatory advocacyBy formulating technical responses to regulatory proposals and coordinating with regulators, the Council shapes risk disclosure standards and solvency requirements, because expert engagement lends credibility and precision to policy influence.