This session takes a practical view related to the successful incorporation of Liquidity Risk and Credit Risk within ERM/ALM systems at two insurers, a regional insurer located in North American and a global insurer headquartered in the United Kingdom. While regulatory requirements were an important consideration, the key for both firms was to transform their business processes by providing actionable risk information to key business stakeholders. Participants will take away important lesson learned related to determining the appropriate implementation scope, data requirements and challenges, modeling choices and working across multiple departments and stakeholders to deliver tangible business benefits within a limited implementation timeframe. The handout will include functional architecture diagrams, modeling and methodology descriptions and examples of key deliverables to stakeholders. The audience will be involved via survey questions or polling (via smart phone if supported) regarding presentation topics.