The authors assess operational risk in the non-life-insurance sector, finding operational lapses and the cost–income ratio to ...

Of the main areas of risk management, operational risk has the shortest history, with the industry beginning to give it serious consideration only 25 years ago. In that time, the industry has made ...

Fact checked by Suzanne KvilhaugReviewed by David KindnessWhat Is a Risk Management Framework (RMF)?All companies face risks. Without taking some degree of risk, they may have little chance of staying ...

Operational risk is part of a larger evaluation known as CAMELS ratings, which measure each of six components on a five-point ...