Technical Feature - Using Strategic Risk Management to Optimise the Risk/Return Ratio
Source: Asia Insurance Review | Sep 2006
Until a few years
ago, when corporate leaders were asked, “What does risk management mean
to your organisation?” the traditional response would most likely only
refer to adequate insurance protection and disciplined housekeeping. Today,
large corporations are far less likely to give such a brief answer. For hundreds
of Global 1000 companies, strategic risk management – based on thorough
business impact analysis of exposure to loss and its consequences – is
elemental to strategic planning. Mr Dennis Bessant, Vice President, Global
Services and Asia Operations, FM Global, looks at this growing phenomenon.
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