ERM for an Insurer: Challenges and Prospects

DOI

10.2991/aebmr.k.200312.199How to use a DOI?

Abstract

The paper presents analytical and practical study of implementing ERM at an insurance provider; such providers are institutional investors and constitute a major force in the global investment market. The paper dwells upon the key challengers and prospects of this aspect of management. It identifies the core trends of ERM implementation at insurance providers. The paper further defines the core components of ERM, organization and management, strategic planning and risk tolerance, risk identification and presentation, as well as the main steps of implementing a risk management system for an insurance provider. It also proposes a mechanism for implementing an insurance provider’s risk management system. A comprehensive and holistic mechanism is presented herein for the analysis and comprehension of ERM-related challenges; the mechanism could be of use for insurance businesses.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - E P Morgunova
AU  - G I Bolkina
PY  - 2020
DA  - 2020/03/17
TI  - ERM for an Insurer: Challenges and Prospects
BT  - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)
PB  - Atlantis Press
SP  - 1449
EP  - 1457
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200312.199
DO  - 10.2991/aebmr.k.200312.199
ID  - Morgunova2020
ER  -