Historical and emerging challenges in enterprise risk management for insurance companies

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By Bradley M. Smith | 01 March 2008

Enterprise risk management is not just a quantitative exercise. The causes of corporate catastrophes are usually not a fluctuation around a mean; rather, catastrophic risks typically reside outside the model. An attention to history and to human psychology can help identify these risks and thereby round out an ERM strategy.

This article was originally presented at the 10th Global Conference of Actuaries and was originally published by ActuariesIndia.org.

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