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Technical Feature: Enterprise Risk Management - Journey towards ERM worthwhile

Source: Asia Insurance Review | Feb 2009

Insurance companies globally have invested significant resources and management time in strengthening their risk governance, management, measurement and monitoring capabilities. Ms Morag McDermott, Associate Director of Financial Services Risk Management, Ernst & Young, Beijing and Mr Graham Handy, Advisory Services and Practice Leader of Actuarial Services, Ernst & Young, Singapore, tell us how in an environment of market volatility and demand for greater transparency and stronger financial performance, risk management has become a critical priority and a basis for competitive differentiation.

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