Corporate risk management: the growing importance of risk data analysis [slides]

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The Growing Importance of Risk Data Analysis. There is a growing demand in corporate governance practices for more effective risk management. Risk management methodologies require effective risk identification, without which the steps taken to analyse threats, quantify exposures and devise responses will be incomplete. The risk environment is constantly changing, so risk identification has to be a continuous process. Informal, infrequent, non-specific data collection will not be good enough. So, let's look at: why data is important, corporate governance developments, other drivers for better risk analysis, the role of Actuaries.