A Study on the Integration Risk Management for the Insurance Enterprises

Abstract

In the financial increasingly fierce competitive environment and against the background of financial crisis, the risk with higher levels of insurance enterprises should construct an effective management system to continuously improve their risk management capabilities. Enterprise risk management (ERM) can be used in institutions throughout the business units at various levels in various types of risk management overall. Therefore ERM study actively involved in the insurance industry for global financial stability and healthy development is of great practical significance and theoretical value. This article first introduction of the insurance risk faced by enterprises, and to the introduction of a enterprise risk management. Next, by constructing an enterprise risk management system steps introduce a enterprise risk management. In Section III introduces the COSO report further analysis of enterprise risk management content, objectives and elements and their relationships. In the latter three followed by an enterprise introduction in the process of risk management methods and tools, infrastructure construction, information systems development and organizational structure as well as the cultural environment to support culture.
Key words: insurance company; enterprise risk management; COSO