North American CRO Council | Professional Risk Management Resources News Contact Us Professional Risk ManagementThe Council aims to provide thought leadership and direction on the advancement of risk management and riskbased solvency and liquidity assessments. Professional Risk Management The Council aims to provide thought leadership and direction on the advancement of risk management and riskbased solvency and liquidity assessments. ALIGN ALIGN Seek alignment of regulatory requirements in North America with insurance industry sound practices and harmonization across jurisdictions INFLUENCE INFLUENCE Influence and inform through responses of potential new risk disclosures and position papers PROMOTE PROMOTE Promote the development and assessment of capital requirements recognizing internal companydeveloped risk models and risk identification controls and diversification HOW WE DO IT The Council runs several committees that focus on financial risk nonfinancial risk strategic risk regulatory affairs governance and external stakeholder engagement. We focus on developing relationships with external organizations other than insurance companies and an ongoing communication plan with those organizations to allow the N.