732.395.4250
In our previous posts on Enterprise Risk Management (ERM), we defined ERM and addressed how to set up the program and use it to assess and treat risks. We have come a long way! In this post, we evaluate the program.
ERM is not a static program. An effective approach to evaluating and enhancing the performance is a three-part one: measure, monitor and, most importantly, evolve.
Topics: Enterprise Risk Management (ERM), Enterprise Risk Management, ERM, Total Cost of Risk, Total Cost of Risk (TCoR), what is total cost of risk, total cost of risk definition, what is erm, erm insurance
We manage more than a quarter billion dollars of premiums for a diverse range of clients around the globe.
Our areas of expertise include:
The ALS Group - New Jersey
175 Main Street,
Woodbridge, NJ 07095
Tel: +1.732.395.4250
There’s Value in Measuring the Total Cost of Risk
In these challenging economic times, having a lower TCoR can not only give a company a competitive edge but also improve its bottom line by affording it the ability to pursue opportunities their peers may not be able to.