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Management Strategies in Multi-year Enterprise Risk Management

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  • Dorothea Diers

    (Risk Management, Provinzial NordWest Holding and University of Ulm, Provinzial Allee 1, Muenster 48131, Germany)

Abstract

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 “Own Risk and Solvency Assessment” as a part of enterprise risk management on a multi-year basis. We show under which assumptions an allocation method gives the “right” strategic incentives. We illustrate the usefulness of the concept for managerial decision support using data from a German non-life insurer.

Suggested Citation

  • Dorothea Diers, 2011. "Management Strategies in Multi-year Enterprise Risk Management," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 36(1), pages 107-125, January.
  • Handle: RePEc:pal:gpprii:v:36:y:2011:i:1:p:107-125
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    Cited by:

    1. Diers, Dorothea & Linde, Marc, 2013. "The multi-year non-life insurance risk in the additive loss reserving model," Insurance: Mathematics and Economics, Elsevier, vol. 52(3), pages 590-598.
    2. repec:eee:insuma:v:75:y:2017:i:c:p:71-81 is not listed on IDEAS
    3. Woll, Oliver, 2015. "Mean-risk hedging strategies in electricity markets with limited liquidity," ZEW Discussion Papers 15-056, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.

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