Page 90 - RISK Management IC86 Ebook
P. 90
Risk Management
Decision-making
n A well-designed ERM framework should promote a holistic
approach to .enterprise decision-making, consistent with long-
term corporate objectives. Improved risk and capital
management may cause changes in decisions made in many
critical areas including:
l Asset/investment strategy
l Product pricing
l Annual business planning
l Reinsurance purchasing
l Strategic planning process
l Product design
l Product/business mix
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