Rational adaptation for ERM in a changing environment

Published in: Expert papers

Companies: Willis, IIASA

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]

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