The Faculty & Institute of Actuaries his published a paper called ERM for Insurance Companies – Adding the Investor’s Point of View, on January 22, 2010. The abstract reads: A major outcome of ERM activities in insurance companies has been the bringing together of all of the key risks in the company, to be managed together in a holistic fashion. The authors of this paper believe that an ERM framework also needs to look beyond the company, and have regard to the risk management needs of investors, from the point of view of the contribution of the insurance company to…
