Filed Under:Claims, Litigation

‘Enterprise’ Approach to Risk Management Dominates Courses, Research at Universities

An increasing emphasis on enterprise risk management (ERM) in the corporate world is reflected in the higher-education sector, with more courses and research exploring the concept at universities with established RM programs.

“We’ve increasingly been focusing more on ERM [in the classroom], and we’ve focused quite heavily on that area on the research side as well,” says Robert E. Hoyt, the Moore Chair and professor of risk management and insurance at the Terry College of Business at the University of Georgia.

His research paper, “The Value of Enterprise Risk Management,” looks to establish a value premium using stock-market measures between companies that have introduced an ERM program vs. those that have not.

The project, begun more than five years ago, will appear in the Journal of Risk and Insurance.

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