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About Enterprise: Should Be
This document provides an overview of enterprise risk management (ERM). It defines ERM as taking an enterprise-wide view of risks and considering opportunities to both reduce downside risks and exploit upside opportunities. An effective ERM framework incorporates risk culture throughout the organization to increase long-term firm value. The document discusses why ERM has become attractive to organizations, including regulatory changes and benefits reported by early adopters. It also outlines typical components of an ERM framework and the various types of risks addressed, including financial, strategic, operational and more. Finally, it describes the role of actuaries in ERM due to their expertise in risk modeling and management.
Detailed Information
Author: | ['Bob'] |
---|---|
Publication Year: | 2015 |
Pages: | 8 |
Language: | English |
Format: | |
Price: | FREE |
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