Although many Enterprise Risk Management programs focus all or most of their efforts on financial and insurance risks, those risks combined represent only about 10 percent of all risks while strategic risk accounts for about two-thirds of all risks, according to a survey of news coverage by The Globe and Mail over the course of a year. Authored by Sim Segal, Enterprise Risk Management program director at Columbia University, the research report was sponsored by the Casualty Actuarial Society, the Canadian Institute of Actuaries, and the Society of Actuaries’s Joint Risk Management Section.
