enterprise risk management (ERM)
A holistic approach to identifying, defining, quantifying, and treating all
of the risks facing an organization, whether insurable or not. Unlike traditional
risk management, ERM deals with all types of risk, such
as hazard or event risk, operational risk, credit risk, and financial risk.
See also Risk management;
Event risk;
Interest rate risk;
Operational risk;
Risk management process;
Tradable risk.