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ERM Glossary: Risk management control cycle

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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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