ERM Concepts [6]

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Bullet points include: We can view ERM as a body of knowledge (techniques and processes). Involves measuring, controlling and mitigating risk in a systematic and centralised way. IAA (2009) provides one view of its components and how they fit together. For EU (and other) insurers, regulators see ORSA as central. Governance and Enterprise Risk Management Framework. Risk Management Policy. Risk Tolerance Statement. Own Risk and Solvency Assessment (ORSA). Continuity Analysis. Economic and Supervisory capital. Role of supervision

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