Risk Management and Enterprise Risk Management

By Sonjai Kumar

This article discusses the differences between the risk management and enterprise risk management. Though the concept of risk management is very old, almost as old as beginning of human existence but the concept of ERM is new around two decades old. The importance of enterprise risk management increased over the period of time due various crisis and emergence risk based capital in banking and insurance industry. The article discuss the various factors necessary for success of enterprise risk management.

Academia Letters, July 2021. Article 2234. 9p