Insurance and risk management : financial risk

Extracted from text ... Insurance and by Tasneem Khan The enterprise-wide risk management (ERM) approach, which is often referred to as the 'holy grail' of risk management, appears to be gaining ground in corporate processes and appointments. Organisations are fi nding it imperative to become more proactive in managing risks to minimise losses. Previously it was common for risks to be managed on a departmental level by various risk managers who, more often then not, had diverse views on risk management. Currently, companies appears to be moving towards a more common approach to risk management, hence the popularity of the ERM process. Insurance ..