Risk Culture

Prakash Shimpi and Heike Klappach

Chapter Chapter 16 in Global Perspectives on Insurance Today, 2010, pp 205-210 from Palgrave Macmillan

Abstract: Abstract In analyzing what caused the 2008–2009 economic crisis, many experts point to a fundamental lack of risk management. But that is not entirely correct. For while it is abundantly apparent that most of the companies that failed lacked a sufficient risk management structure, there were also companies with rigorous risk management programs in place that failed as well.

Keywords: Risk Management; Internal Model; Global Financial Crisis; Economic Capital; Natural Catastrophe Risk (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-11737-2_16

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DOI: 10.1057/9780230117372_16

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