Ungated Post | 01 Aug 2014
Creating value through enterprise risk management
Client: Milliman
Oxford Economics worked with the Milliman Risk Institute to produce their 2014 enterprise risk management (ERM) survey of North American risk executives. The survey data was used to prepare a report focusing on those companies that are taking ERM to the next level of strategic integration.
Our survey of 125 North American risk executives shows that large majorities see improved risk-adjusted decision-making, enhanced board risk oversight, and improved performance management as benefits of basic ERM. But for half or more of respondents, ERM is also creating value across a broader range, including improved capital efficiency, organizational and process optimization, higher-quality strategic planning, improved regulatory compliance, and improved brand reputation.
Those we identified as Trendsetters—just 13% of all respondents—stood out by their emphasis on value creation of this sort, with an ERM function that is more collaborative, particularly with internal audit and compliance, and integrated across the organization. Trendsetters are also far more likely to have a Chief Risk Officer, suggesting that ERM is more formalized and embedded deeply into these companies in ways that make value creation sustainable.
Click here to read the full report.
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
To find out more about our capabilities, contact:
Americas
Diantha Redd
+1 (646) 503 3052
Email
Asia Pacific
Peter Suomi
+65 6850 0110
Email
EMEA
Aoife Pearson
+44 (0)203 910 8054
Email
Related Services
Post
From disruption to reinvention: The future of supply chains in Europe
Published at the World Economic Forum’s Annual Meeting in Davos, this report explores three possible scenarios for how the Ukraine war could play out over the coming year, modelling the impact of each scenario on the Eurozone economy.
Find Out More
Post
De l’opportunité à l’impact – Évaluer les avantages économiques, sociétaux et culturels de YouTube en Belgique
Cette étude évalue la contribution de YouTube au PIB belge et au taux d’emploi en Belgique, ainsi que son impact plus large sur la société et la culture.
Find Out More
Post
Van mogelijkheden naar impact – Beoordeling van de economische, maatschappelijke en culturele voordelen van YouTube in België
Deze studie beoordeelt de bijdrage van YouTube aan het BBP en de tewerkstelling in België alsook de bredere impact op de maatschappij en cultuur.
Find Out More