IDEAS home Printed from https://ideas.repec.org/a/aza/rmfi00/y2007v1i1p44-52.html
   My bibliography  Save this article

Creating a risk appetite framework for insurance decision-making

Author

Listed:
  • Ziewer, Lukas
  • Bice, Anthony

Abstract

European insurance companies have made enormous strides in risk management technology in recent years, and many companies are now much better equipped to monitor, measure and manage the risks associated with the insurance coverages and guarantees they provide. However, most insurance companies are much less sophisticated in analysing the broad parameters of the enterprise risks they are confronting. Many companies are not easily able to assess the risk-return equation they face in existing businesses or in businesses they might like to enter. Companies can develop and implement a risk appetite framework that will help assess the risks as well as the potential rewards that proposed lines of business seem to offer. This tool can provide enormous value in analysing existing activities and informing the process of identifying growth opportunities.

Suggested Citation

  • Ziewer, Lukas & Bice, Anthony, 2007. "Creating a risk appetite framework for insurance decision-making," Journal of Risk Management in Financial Institutions, Henry Stewart Publications, vol. 1(1), pages 44-52, December.
    • Handle: RePEc:aza:rmfi00:y:2007:v:1:i:1:p:44-52
    as

    Download full text from publisher

    File URL: https://hstalks.com/article/4577/download/
    Download Restriction: Requires a paid subscription for full access.
    File URL: https://hstalks.com/article/4577/
    Download Restriction: Requires a paid subscription for full access.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    risk; risk management; risk appetite; limits; governance; framework; strategy; decision-making;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aza:rmfi00:y:2007:v:1:i:1:p:44-52. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Henry Stewart Talks (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.