Principles of Risk Management and Insurance, 13th Edition

Chapter 4 Enterprise Risk Management and Related Topics

“The field of risk management is constantly changing. Risk managers must understand the implications of the changes, analyze how such changes affect their risk management program, look for ways to incorporate new techniques and tools into their analysis and design, and continue to broaden their knowledge of emerging trends and the financial aspects of risk management.”

Millicent Workman, CPCU Director of Training and Education, International Risk Management Institute (IRMI), and Editor, Practical Risk Management

Learning Objectives

After studying this chapter, you should be able to

• Explain the meaning of financial risk management and enterprise risk management.

• Describe how the risks of ...