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enterprise risk management (ERM)

Enterprise risk management (ERM) is a holistic approach to identifying, defining, quantifying, and treating all of the risks facing an organization, whether insurable or not.

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enterprise risk management (ERM)

Enterprise risk management (ERM) is a holistic approach to identifying, defining, quantifying, and treating all of the risks facing an organization, whether insurable or not.

Additional Information


Unlike traditional risk management, ERM deals with all types of risk, such as hazard or event risk, operational risk, credit risk, and financial risk.

Synonyms

Holistic Risk Management

Related Terms