Enterprise Risk Management - An Insurance Perspective & Overview

Abstract

This paper discusses Enterprise Risk Management (ERM) from the perspective of an insurance company; however, the framework presented and solutions discussed are broadly applicable to any industry or business sector. The paper begins by identifying insurance value drivers as well as the risks generated by those drivers over time. ERM-specific solutions for managing the risks, which include integrated risk transfer structures, restructuring, and operational reengineering, are then discussed. The paper ends with a brief conclusion.

Keywords: Risk, Enterprise Risk, Insurance

JEL Classification: L29, M19, M29