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Insurers Want to Know: Does Enterprise Risk Management Add Value?

National News • July 23, 2007
Enterprise risk management will have to meet the expectations of corporate board members and deliver real value to firms if it is to flourish, attendees of the Casualty Actuarial Society meeting ...

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Subject: RE: Creating Value

Posted On: August 2, 2007, 10:37 am CDT
Posted By: Mark Bigelow
Comment:
I think the process of ERM adds value in a couple of ways. First, by being able to see the company holistically, it's easier to predict the perfect storms.

Second, in the process of doing a risk assessment, with an enterprise-wide perspective, you can see where an innovative solution (or treatment, to use the lingo) is needed and help facilitate it's creation. By knowing who in the enterprise needs to be involved, you can make sure it happens and that it happens the right way. We've benefited from that during our risk assessments.
Subject Posted By Posted On
RE: Creating Value Mark Bigelow
Aug 2, 2007, 10:37 am
RE: Creating Value craig
Jul 23, 2007, 9:37 pm
Creating Value Pat Beranger
Jul 23, 2007, 12:54 pm
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