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Towards A Risk Management Profession

Towards A Risk Management Profession This article discusses new developments on the regulatory front. Under the new agreement, insurance company management and boards will be required to issue ...
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Description: This article discusses new developments on the regulatory front. Under the new agreement, insurance company management and boards will be required to issue a statement that reflects their judgment about the firm’s viability, including its capital adequacy. The required opinion will have five elements - identifying risks, measuring risks, a risk feedback loop, a risk tolerance statement, and a risk policy.
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- Authors: David Ingram
- Date: Jun 2011
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
- Publication Name: The Actuary Magazine
- Topics: Enterprise Risk Management; Public Policy

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Towards A Risk Management Profession