Search
 

Profiling Boosts Enterprise Risk Management Efforts

Risk profiling, also known as risk mapping, is a technique used to analyze a firm's portfolio of risks. Innovative risk managers are using this tool as one way to identify risk exposures.

By Staff Writer | Updated on April 05, 2006

Risk profiling, also known as risk mapping, is a technique used to analyze a firm’s portfolio of risks. Innovative risk managers are using this tool as one way to identify risk exposures. The risk-profiling discipline and process gives risk managers the critical data they need in order to decide how to control, diversify, or hedge risks. One way to look at risk profiling is to view it as a visual way of depicting possible frequency and severity of organizational risks.

Nowadays, upper management expects risk managers to offer specific strategies for a continuum of uncertainties confronting organizations. Any major threat that falls within a risk manager’s blind spot can be job- and career-ending, including those that come out of left-field.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.