Rational adaptation for ERM in a changing environment

Ingram, D., Underwood, A., & Thompson, M. (2013). Rational adaptation for ERM in a changing environment. Expert paper, InsuranceERM, London, UK (24 October 2013)

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Abstract

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.

Item Type:	Other
Research Programs:	Risk, Policy and Vulnerability (RPV) Risk & Resilience (RISK)
Bibliographic Reference:	Expert paper, InsuranceERM, London, UK (24 October 2013)
Depositing User:	IIASA Import
Date Deposited:	15 Jan 2016 08:49
Last Modified:	27 Aug 2021 17:39
URI:	https://pure.iiasa.ac.at/10620

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