To become more sophisticated and more focussed on risk management, the Financial Services area of the PMI Group, a US provider of private mortgage insurance and other financial products, appointed a Chief Risk Officer. The CRO introduced an initial framework of ERM which included taking a 360-degree view of risk, in that it identified the…

BPIR Categories

2.5.4 Identify and manage risks
11.1.5 Manage financial risk
11.6.4 Manage physical risk

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