Enterprise risk management--the in...

Enterprise risk management--the intricate process of measuring and managing a business's overall risk exposure--has protracted been a favorite tool of banks for managing the asset and liability sides of their balance sheets. Applied to a global pharmaceutical corporation, for example, this could conceivably embrace risks as diverse as fire, environmental pollution, effect recall, business interruption, natural disasters and finance and investment.

In modern years, this approach has captured the interest of about major insurance companies, including USAA, the San Antonio-based insurance and financial-services giant, which is embarking forward plans to implement its acknowledge versions of this process.