13 research outputs found
Management Strategies in Multi-year Enterprise Risk Management
In enterprise risk management, strategies should be evaluated and managed from a multi-year view. In this paper, we present a multi-year model approach and apply a multi-year risk-capital concept to enable the company's âOwn Risk and Solvency Assessmentâ as a part of enterprise risk management on a multi-year basis. We show under which assumptions an allocation method gives the ârightâ strategic incentives. We illustrate the usefulness of the concept for managerial decision support using data from a German non-life insurer.