Risk based capital is a specific regulatory capital requirement promulgated by the National Association of Insurance Commissioners. It is...

Operational risk is the risk of losses resulting from inadequate or failed internal processes, people and systems, or from external...

Credit risk is the economic loss suffered due to the default of a borrower or counterparty. [Source: Society of Actuaries (SOA)...

Market risk encompasses risk arising from changes in investment market values or other features correlated with investment markets, such...

Risk appetite can be interpreted as reflecting the setting of targets and limits across the organisation as a whole, plus the breakdown...

Enterprise risk management (ERM) is the discipline by which an organization in any industry assesses, controls, exploits, finances and...

Strategic Risk relates to the achievement of an organisation's overall strategic business plans and objectives. [Source: Institute and...