[Skip to content]

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

Risk & ERM

  • p23-25-SuperStock_1589R-13417235-new Borderland controlsThe implications of Brexit for UK insurers go beyond passporting rights and access to the single market. Jennifer Strickland and Kyle Audley look at some likely regulatory developments 12 April 2018
  • p18-19-Ethical-Save-the-tree,-save-the-world-iStock-514079035.jpg Why clean money mattersQuintin Rayer explores why ethical and sustainable investing matters, the approaches used and how trustees can include it as part of meeting their fiduciary responsibilities 12 April 2018
  • p20-21-Lawyer-promoting-business-iStock-454379811 Defining your dutyImran Benson looks at the risks of professional negligence liability for actuaries 12 April 2018
  • p26-27-DNA-Strand-iStock-648132432 A disquieting and awesome prospectKateryna Katyukha Swiegers considers recent advances in human genome editing and what these could mean for insurers and wider society 08 March 2018
  • p24-25-Epidemics--Virus--Istock--174990222 Mitigating the risks of epidemicsPetra Wildemann explores how to manage the risks of epidemics from zoonotic diseases to human infections 08 March 2018
  • p27-29--iStock-467050029-[Converted]v2 Uncomfortable truthsArno Kitts looks at some inconvenient facts about equity valuations and expected returns 08 March 2018
  • p17-19-Actuary-Cover-2 The cost of catastrophesJunaid Seria looks back on 2017, a record year for devastating weather events 08 March 2018
  • p21-23-Business-graph-on-phone--Shutterstock--382942270 The long gameJackie Li and Leonie Tickle discuss recent research results on measuring basis risk and hedge effectiveness in longevity risk transfer for pension plans 08 February 2018
  • FINAL-BUTTERFLIES4-©-Richard-Gleed- Margins for errorPaul Huber and Nick Kinrade explain how risk margins used in Solvency II and IFRS 17 should be understood and calibrated 08 February 2018
  • House-Attached-to-Balloons-iStock-637110064 The future of equity releaseTom Kenny reports on a recent roundtable discussion on the future of the equity release market 07 December 2017
Page: [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [+11]

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