There are two main possible approaches for the construction of a risk mapping. The first one consists to identify the risks of the company, and the second is based on a census of risks by the Executive Committee. These two approaches are complementary. In the top-down approach, the major risks are identified by the members of the Executive Committee, with regard to the strategy followed by the insurance company. The Risks are then attached to the process of the activity. In the bottom-up approach, the census of the processes of the company establishes the starting point of the process. This article aims to present the outline of the two approaches, Top-Down and Bottom-Up, and apply them to risk management in insurance. The idea is to define a methodology to assess the risks associated with different processes, and rank them in order of priority in a risk mapping.
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