Assessing the value and challenge of ERM implementation

This white paper is the result of an applied learning project in the Risk Management and Insurance MBA curriculum at the Wisconsin School of Business, University of Wisconsin-Madison. In coordination with Towers Watson, students investigated the portfolio effect of aggregating hazard and speculative risks in an enterprise risk management framework. Students conducted the analysis, interviewed risk managers, studied the literature and drafted the paper. Towers Watson provided oversight for the writing of the white paper along with analytical and software support, including use of Igloo, a financial modelling software for businesses.