enterprise risk management ERM

Enterprise risk management 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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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.



Holistic Risk Management

Related Terms

Event risk is the possiblity of loss associated with fortuitous occurrences such as fires,...