{"title":"Risk Mitigation, Monitoring and Reporting in Life Insurance Business","authors":"Sonjai Kumar","doi":"10.2139/ssrn.3888612","DOIUrl":null,"url":null,"abstract":"A business value is created by identifying the risks in the business and developing the risk mitigation plan. Only identification of risks is of little use unless an effective advance plan is developed and implemented to reduce either the likelihood or impact or both of the events. In this chapter, different methods of risk mitigation are discussed in the life insurance industry. The chapter also discusses the utility of monitoring of risks and reporting.","PeriodicalId":306152,"journal":{"name":"Risk Management eJournal","volume":"32 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2021-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Risk Management eJournal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3888612","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
A business value is created by identifying the risks in the business and developing the risk mitigation plan. Only identification of risks is of little use unless an effective advance plan is developed and implemented to reduce either the likelihood or impact or both of the events. In this chapter, different methods of risk mitigation are discussed in the life insurance industry. The chapter also discusses the utility of monitoring of risks and reporting.
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