Abstract

This article discusses the differences between risk management and enterprise risk management. Though the concept of risk management is very old, almost as old as the beginning of human existence the concept of ERM is new around two decades old. The importance of enterprise risk management increased over the period of time due to various crises and the emergence risk based capital in the banking and insurance industry. The article discusses the various factors necessary for the success of enterprise risk management.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.