Risk Mitigation, Monitoring and Reporting in Life Insurance Business

20 Pages Posted: 19 Jul 2021

See all articles by Sonjai Kumar

Sonjai Kumar

Fortune Institute of International Business

Multiple version iconThere are 2 versions of this paper

Date Written: July 17, 2021

Abstract

A business value is created by identifying the risks in the business and developing the risk
mitigation plan. Only identification of risks is of little use unless an effective advance plan is
developed and implemented to reduce either the likelihood or impact or both of the events. In
this chapter, different methods of risk mitigation are discussed in the life insurance industry. The
chapter also discusses the utility of monitoring of risks and reporting.

Keywords: Risk Management, Risk Mitigation, Life Insurance, enterprise Risk Management, Operational Risk

JEL Classification: G20, G21, G22, G23, G24, G25, G26, G27, G28, G29

Suggested Citation

Kumar, Sonjai, Risk Mitigation, Monitoring and Reporting in Life Insurance Business (July 17, 2021). Available at SSRN: https://ssrn.com/abstract=3888612 or http://dx.doi.org/10.2139/ssrn.3888612

Sonjai Kumar (Contact Author)

Fortune Institute of International Business ( email )

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