ERM Glossary: Risk management control
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The risk management control cycle involves examining
experience arising from decisions and actions taken and provides feedback from
this experience analysis for use in future decisions and actions.
It resembles the actuarial control cycle typically used by
insurers. However, the risk management control cycle examines a broader range
of institutional and risk issues than the pure ‘actuarial’ cycle (which focuses
mainly on valuation and reserving).
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