ERM concepts and Risk categorisation [4]

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Bullet points include: Sweeting (2011) indicates: Key concept is “the management of all risks on a holistic basis, not just individual management of each risk”. Casualty Actuarial Society (2003) defines ERM as “The discipline by which an organization in any industry assesses, controls, exploits, finances and monitors risks from all sources for the purpose of increasing the organization’s short and long-term value to its stakeholders”

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