/

Nematrian Reference Library

[this page | back links]

Set out below is information (held by the Nematrian website) on the reference you have selected


ReferenceTitleLink
ASB (2012b)Risk Treatment in Enterprise Risk Management (Actuarial Standard of Practice No 47)here

Abstract

"This standard applies to enterprise risk treatment activities performed by actuaries. Some organizations will face requirements and requests for assessment of the risk treatment part of the risk management system in order to evaluate whether their risk management systems are operating at a level that meets or exceeds professional standards. Regulators in some industries may want similar evaluations. This standard, along with ASOP No. 46, Risk Evaluation in Enterprise Risk Management, is intended to cover the risk evaluation and risk treatment activities within enterprise risk management work but does not cover other ERM practices that are performed by insurers, pension plans, other financial service firms, and other businesses or organizations. These two topics were chosen because they cover the most common actuarial services performed within enterprise risk management systems of organizations. In the future, other standards may provide guidance for other aspects of actuarial professional services in ERM. These standards, as with all standards of practice, apply to the actions of individual actuaries and not to their organizations, employers or clients."


See here to choose a new Category/Sub-Category or here for a list of all references held by the Nematrian website. Please contact us if any of the above material is inaccurate or if there are references you think should be included that we have excluded or vice-versa.
Desktop view | Switch to Mobile