Integrated Risk Management - The Challenge
Organization: The Australasian Institute of Mining and Metallurgy
Jan 1, 1994
An integrated approach to risk management to complement insurance is the sustainable way forward for the modem organisation. For risk management to work, its various aspects need to operate interactively, not in isolation from insurance. This is the approach recommended in this paper. The risk management process is a strategic method for reducing an organisation's total cost of risk. Well established and basic risk management techniques will help identify and achieve risk management Objectives.