A survey of KMPG LLP’s internal auditors and board members reveals that many companies are falling short in three critical areas of their enterprise risk management (ERM) programs—risk culture, risk management processes and technology.

"Given today's unprecedented and extreme market fluctuations, mismanaging risk could affect a company's competitive position and even its viability," says John Farrell, KPMG's lead partner for enterprise risk management. "Management and boards need to ensure that fundamental ERM components are in place if they expect their company's risk management programs to deliver the intended results."

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access