Management Strategies in Multi-year Enterprise Risk Management
In enterprise risk management, strategies should be evaluated and managed from a multi-year view. In this paper, we present a multi-year model approach and apply a multi-year risk-capital concept to enable the company's “Own Risk and Solvency Assessment” as a part of enterprise risk management on a multi-year basis. We show under which assumptions an allocation method gives the “right” strategic incentives. We illustrate the usefulness of the concept for managerial decision support using data from a German non-life insurer.
Year of publication: |
2011
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Authors: | Diers, Dorothea |
Published in: |
The Geneva Papers on Risk and Insurance - Issues and Practice. - Palgrave Macmillan, ISSN 1018-5895. - Vol. 36.2011, 1, p. 107-125
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Publisher: |
Palgrave Macmillan |
Saved in:
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