Creating a virtuous circle with leading-edge risk processes and tools
By Olivia Wang
17 November 2014
Companies today that are most successful in managing enterprise risk are moving faster to adopt best tools and practices. This enables them to better anticipate, analyze, and manage risks and to better navigate a volatile and rapidly changing business environment. The end result, as discussed in this white paper based on a survey of 125 North American companies by the Milliman Risk Institute, is a virtuous circle—the leading firms develop better risk tools, embed them in all levels of the organization, integrate them into strategic and resource-allocation decisions, and regularly update them.