Page 31 - RISK Management IC86 Ebook
P. 31
The Insurance Times
The advantages of a written policy statement
l Establishing general objectives of the organization's risk
management function,
l Defining duties, responsibilities and authority of the risk
management department,
l Co-ordinating the treatment of loss exposures at various levels
of activities,
l Establishing and improving communication channels
and MIS
l Risk management policy statement is the basic document
which endorses the senior management support of the
programme & its objectives.
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