LOMA 291 Practice Questions - LOMA 291 - Improving The Bottom Line Insurance Company Operations Exam

Enterprise risk management (ERM) in an insurance company is best described as:

An integrated, company-wide approach to identifying, assessing, and managing all major risks A process limited to managing investment portfolio risk A task performed only by the claims department A regulatory filing prepared once at company formation

Correct Answer:

An integrated, company-wide approach to identifying, assessing, and managing all major risks

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