Rational adaptation for ERM in a changing environment

How can insurers design an enterprise risk management (ERM) strategy to cope with the ups and downs of the economic cycle? This paper brings together six articles by Dave Ingram and Alice Underwood of Willis Re, and Michael Thompson of IIASA, previously published by InsuranceERM. They discuss how a fixed set of rules on ERM is not the way forward; how there are at least four rational but different approaches to risk; how those approaches fare during the economic cycle; and what is an appropriate response.

Contact: Dave Ingram
[email protected]

Complete the fields in the form below to download the file. Required fields are indicated with a *.

By clicking on the 'Submit' button you agree that the information provided may be shared according to the privacy policy below.