文档介绍：外文题目: An Empirical Study on Enterprise Risk Management in Insurance
出处: New Frontiers in Enterprise Risk Management
作者:
原文:
Enterprise Risk Management in Insurance
Enterprise Risk Management (hereinafter referred as “ERM”) interests a wide range of professions (., actuaries, corporate financial managers, underwriters, accountants,and internal auditors), however, current ERM solutions often do not cover all risks because they are motivated by the core professional ethics and principles of these professions who design and administer them. In a typical pany all such professions work as a group to achieve the overriding corporate can be defined as factors which prevent anization in achieving its objectives and risks anizations holistically. The management of risk in isolation often misses its big picture. It is argued here that a holistic management of risk is logical and is the ultimate destination of all general management , risk management should not be a separate function of the business process;rather, managing downside risk and taking the opportunities from upside risk should be the key management goals. Consequently, ERM is believed as an approach to risk management, which provides mon understanding across the multidisciplinary groups of people of anization. ERM should be proactive and its focus should be on anizations future. Organizations often struggle to see and understand the full risk spectrum to which they are exposed and as a result they may fail to identify the most vulnerable areas of the business. The effective management of risk is truly an interdisciplinary exercise grounded on a holistic framework.
Whatever name this new type of risk management is given (the literature refers to it by diverse names, such as Enterprise Risk Management, Strategic Risk Management, and Holistic Risk Management) the ultimate focus is management of all significant risks faced by anization. Risk is an integral par