The Concept of Integrated Risk Management by kdb20316

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									The Concept of Integrated Risk Management




         Ryan O’Connor
    What is Integrated Risk Management?

   Non-traditional, Alternative Risk
    Transfer

   The Chief Risk Officer

   The Effectiveness of Integrated Risk
    Management
    Non-traditional, Alternative Risk Transfer


   Provides insurance solutions to meet
    specific needs.
   Not a prepackaged product
   Portfolio Approach
   Double Trigger Strategy
          Double Trigger Strategy

   Coverage for formerly non-insurable
    exposures

   Less expensive

   Reduces Cost
          A Copper Company

   For Example:

   If the price of copper falls below X
    cents/lb.
   Workers Compensation claims exceed
    $Y million
         The Chief Risk Officer

   A new corporate executive position



   Oversees entire risk management
    process

   Significant rise in salary
Effectiveness of Integrated Risk Management


   The Skeptics



   The Supporters



   The Concept
                Conclusion

   Superior performance while proactively
    managing risks

   Creates a natural hedge

   Attempts to reduce all risk in a cost
    efficient manner

								
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