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ERM Progress Stalling, RIMS/Marsh Study Finds

Nearly half of risk management departments are using progressive tools like alternative risk financing, but few have moved all the way forward to embrace enterprise risk management, and progress has

By Caroline McDonald | Updated on May 04, 2008

Nearly half of risk management departments are using progressive tools like alternative risk financing, but few have moved all the way forward to embrace enterprise risk management, and progress has stalled, a new study reveals.

The study, “Excellence in Risk Management Study,” conducted by the Risk and Insurance Management Society and Marsh, defines three levels of risk management–traditional, progressive and strategic–where strategic includes ERM approaches.

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