IFoA SP9 Practice Questions - IFoA SP9 Enterprise Risk Management Specialist Principles Exam

A general insurer is mapping the stages of its ERM control cycle. Which sequence best represents a typical ERM process?

Risk reporting, then risk financing, then risk identification, then risk appetite Risk identification, risk measurement, risk management/response, and monitoring/reporting Capital allocation, regulatory filing, audit, then identification Hedging, then identification, then measurement, then appetite-setting

Correct Answer:

Risk identification, risk measurement, risk management/response, and monitoring/reporting

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