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

Access More Questions

Within an enterprise risk management (ERM) framework, what best describes the primary purpose of taking an 'enterprise-wide' view of risk rather than managing risks in separate silos?

It captures diversification and concentration effects across the whole organisation that silo management misses It removes the need for any quantitative modelling of individual risks It guarantees that aggregate risk is always lower than the sum of individual risks It transfers all responsibility for risk to the board's audit committee

Correct Answer:

It captures diversification and concentration effects across the whole organisation that silo management misses

Access more questions from this quiz

Continue to IFoA SP9 Practice Questions - IFoA SP9 Enterprise Risk Management Specialist Principles Exam for more practice questions and the full quiz experience.

Access More Questions