ITS835 Enterprise Risk Management Assignment- University of the Cumberlands: Strategic Risk Management In Zurich Insurance Group
Text Book: IMPLEMENTING ENTERPRISE RISK MANAGEMENT- Case Studies and Best Practices by John R.S. Fraser, Betty J. Simkins and Kristina Narvaez.
Topic: Chapter 14 - "A Strategic Approach to Enterprise Risk Management at Zurich Insurance Group"
Overview: This case study focuses on how Zurich uses a variety of methodologies and tools to manage its business risk. Zurich's risk profiling is a focused and disciplined approach to identifying, assessing, and monitoring holistic risks and improvement actions needed. By embedding this methodology into its risk culture, this has helped ensure its risk management culture is consistent and effective across its various business units.
More information on Zurich's Strategic Risk Management work.
Explain the following:
1. How do Zurich ERM tools help them better understand their existing and emerging risks?
2. How are Zurich's risk roles and responsibilities impacting their risk culture?
3. Provide at least two examples of how Zurich has created new value through their ERM program.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.