According to a recent study by the Journal of Risk Insurance, organizations exhibiting mature risk management practices realize a potential value growth up to 25%, confirming the value of strong enterprise risk management programs.
The study's authors report that "firms that have successfully integrated the ERM processes into both their strategic activities and everyday practices display superior ability in uncovering risk dependencies and relationships across the entire enterprise, and as a consequence, enhanced value when undertaking the ERM maturity journey."
The Journal of Risk and Insurance released the study, "The valuation Implications of Enterprise Risk Management Maturity," as a compilation of data and analysis using the RIMS Risk Maturity Model (RMM), gathered over a period from 2006 to 2011. The study encompassed a broad data set of publically traded organizations from a variety of industries. RIMS members submitted nearly 50 percent of the data that researchers analyzed using the RIMS RMM model.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
