Putting everything together Chapter 1 - 8

Discussion in 'SP9' started by Edwin, Aug 11, 2014.

  1. Edwin

    Edwin Member

    While the rest of the Chapters 10 - 28 easily make a whole since they are about careful selection of risks, listing them and then assessing how to quantify then manage each one of them followed by aggregation via a correlation matrix.

    The first few chapters are very illusive and its difficult getting the bigger picture and seeing how each of the different parts make a whole and fit into the ideal.

    For example Risk Appetite how does it feed into the Risk Report, does the ORSA feed into the Risk Report. What's the difference between the ORSA and the SCR?

    Any tips of how to do this, because it is my greatest challenge so far?
     
    Last edited by a moderator: Aug 11, 2014
  2. Simon James

    Simon James ActEd Tutor Staff Member

    Good questions - some thoughts...

    Does risk appetite feed into the risk report or is risk reporting a way of checking how the business is doing against its risk appetite?

    Risk reporting can take many guises depending on the audience. Perhaps we can consider the ORSA as a type of report for a specific audience?

    The SCR is a very specific quantitative measure which is referenced in the ORSA (among lots of other things!)
     

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