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By Harshita jain, Actuarial Manager and Issaka Doullaye Ousseini, Actuarial Manager from PwC Luxembourg
The globalisation as well as the digital revolution and associated consequences have led organisations in all industries to put risk management at the heart of their governance system, materialised by the implementation of Enterprise Risk Management (ERM) frameworks.
ERM is a continuous process, adopting a holistic approach for the identification, assessment, mitigation, and monitoring of short-term to long-term risks. The aim of the ERM process is to create value and opportunities for organisation’s stakeholders, through an appropriate risk-reward balance.
The recent collapses of various banks (Silicon Valley Bank,...
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