[Skip to content]

Sign up for our daily newsletter
The Actuary The magazine of the Institute & Faculty of Actuaries
.

Risk & ERM

  • Figure 1 The road to successful finance transformationActuaries are model specialists and they consider it normal to develop the entire reporting framework themselves, but is this really an efficient way forward? 06 December 2018
  • © iStock Delve into the dataAndy Cox and Tom Bryant explain how data analytics is improving the internal audit process, and why it's important actuaries get to grips with it. 06 December 2018
  • Holding-piggy-bank--Shutterstock Stopping the gapKate Smith highlights the gap in pension savings between women and men, and examines the reasons behind it. 08 November 2018
  • ©iStock Capital modelling gets agilePaul Maitland explains how an agile approach can benefit insurance risk models. 08 November 2018
  • Binoculars Navigating uncertaintyBrian Robinson discusses why business projections are so important and looks at the challenges involved in their creation 08 November 2018
  • P_Raaflaub2_300 Interview: Patrick RaaflaubPatrick Raaflaub talks to Paul Malloy about emerging risks from automation and cyber risk to climate change. 08 November 2018
  • Cyber Wars Student: untangling the netIn a hyperconnected world, we all need to be vigilant against new forms of crime, says Jason Whalley. 08 November 2018
  • Maurice Ewing ©PeterSearle Interview: Maurice EwingMaurice Ewing talks to Richard Purcell about accommodating unconscious bias in business culture and why risk functions should play a bigger role in navigating the future. 11 October 2018
  • The transition brings considerable uncertainty ©iStock LIBOR reform: A seismic shiftHetal Patel, Cyprian Njamma and the IFoA working party on LIBOR reform discuss the process and implications of transitioning away from the scandal-hit benchmark rate. 11 October 2018
  • ©Ikon A weighty matterWith obesity rates showing no signs of declining, Nay Wynn examines their effects on health, and how actuaries can factor this in when underwriting life insurance policies. 09 August 2018
Page: [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [+11]
[ Next » ]

Enterprise risk management

Enterprise risk management (ERM) is generally accepted to be a wider subject than traditional risk management.

While traditional risk management focuses on identifying, measuring and monitoring risks to limit a company's losses, ERM recognises that businesses take risks to make a profit for their owners. It therefore attempts to strike a balance between too much risk and not enough risk in light of a business's strategy - making sure the risk-taking activities of the company are aligned with its objectives and its willingness, or otherwise, to take losses.

An ERM process will incorporate risk information into strategic planning, management decision making, product design and more.

Find out more