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Cindy, We have our ERM set up as a partnership between Risk and Internal Audit. The head of our internal audit and myself serve as Co-chairs. It works really well for us.  Patrick ------------------------------ Patrick Sterling Senior Director, Legendary ...

Hi Ingrid, I report both inherent and residual risk. For the exact same reason as Susan. It shows how strong our mitigation is.  In some cases the inherent risk can be really hard to  determine because the controls are so engraved in the landscape of ...

So, on another thread there is a discussion on ERM and Internal Audit functions. I think these two are aligned. By capturing and reporting on both inherent risk and residual risk will require capturing the "mitigation strategy" or "management control" ...

Susan, I've  been looking to do something similar within my org! Would you be willing to share how you went about getting that presentation? Maybe email me and we can take it offline? I would greatly appreciate it! Thanks! ------------------------------ ...

Further to Eric's spot-on comments, back in my loss adjusting days I handled several claims involving moving companies.  Many people learned the hard way that when moving companies damage the personal property of their customers, they and thus their insurers ...