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8. Application of the proportionality principle: adapted risk management
The standard ISO 31000 :2018 suggests a suitable risk management system. This section details this point, illustrating possible criteria and elements of adaptation.
8.1 Sizing a system according to the nature and scale of the risks involved
The standard suggests that risk management systems should be appropriately sized, both in terms of their level of intervention and their resources. This implies a rationale of efficiency in terms of the resources dedicated to risk management, which are necessarily limited, and their use. As a deputy general manager whom the author met on a corporate mission put it: "Risk management does not have unlimited resources; as a risk manager, you have to...
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Application of the proportionality principle: adapted risk management
Management integrating human and cultural factors
Bibliography
Standards and norms
- Risk management – Guidelines. - ISO 31000 :2018 - Février 2018
- Risk management – Risk assessment techniques – Risk management – Risk assessment techniques. - NF EN IEC 31010 - Août 2019
Regulations
European Directive 2009/138/EC – Solvency II of November 25, 2009 on the taking-up and pursuit of the business of insurance and reinsurance.
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